Aerospace
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Space insurers are running at a near-200% loss ratio after booking losses of over $1bn in 2023. -
Starr is understood to be one of several carriers to reach an in-principle agreement with AerCap.
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The Plane Talking report said the longevity of the ‘buyers’ market’ is in question.
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The settlement was announced by DAE’s lawyer Alistair Schaff on day one of the aviation ‘mega trial’.
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The 12-week trial is set to commence in the Commercial Court in London tomorrow.
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Co-heads of the space unit Chris Gibbs and Richard Parker have left the carrier following the exit from the class.
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Loss-free accounts are expected to be oversubscribed by as much as 140%.
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The build-out of the new vehicle will bring capacity to the constrained aviation war class.
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The account is among a handful of airlines that have swapped out their brokers this year.
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Crashes and collisions accounted for 63% of aviation insurance claims between 2019 and 2024.
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The company said insurers’ capacity and appetite had spurred competition over Q2.
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Ian George will be joined by Sawyer and Williamson as account executive and consultant respectively.
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