Aerospace
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Crashes and collisions accounted for 63% of aviation insurance claims between 2019 and 2024. -
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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The new hires include ex-Liberty underwriter Mike Hart and Gallagher partner Matthew Giddings.
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Daniel Fulco has spent nearly 12 years at LSM.
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This is Chubb’s second MGA deal in the past few months.
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John succeeds Kostya Zolotusky, who will retire at the end of the month.
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Axa XL has also added Fidelis’ Jamie Cann to its aviation team.
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The status was achieved thanks to the MGA’s insurance partner, Apollo Underwriting.
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BOC is believed to be the first lessor to publicly disclose a settlement with its (re)insurers.
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The market remains “delicately balanced” amid global conflicts and claims deterioration.
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The judge said the lessors “are very unlikely to obtain a fair trial in Russia”.
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