Aerospace
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Patton Kline succeeds Glod as US aviation and space practice leader. -
The broker said 2026 will bring a “cautious but deliberate” aviation reinsurance environment.
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Plus, the latest people moves and all the top news of the week.
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Besides Russia-Ukraine losses, the Air India crash losses totaled $26mn.
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Matthew Budd has over 30 years’ claims experience and previously worked for Talbot and XL.
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Net adverse development for the quarter increased 30% year on year to $89.2mn.
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The airline has exercised a break clause to renew its cover six months earlier.
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In trying to solve multiple needs, specialty reinsurance opens up complexities.
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The syndicate now predicts a return on capacity for 2021 of between -5% and 5%.
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The Lloyd’s carrier is expected to try to claim multiple times under the policy.
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Plus, the latest people moves and all the top news of the week.
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