Aerospace

The increase takes the carrier’s total reserves for the conflict to $145.6mn.

Tokio Marine has told cedants that it will discontinue its aviation retro book as the effects of the mammoth Boeing loss continue to ripple through the market, this publication can reveal.

The aviation programme manager will exclusively use SiriusPoint’s paper across the US.

The Singapore aviation hub is part of a strategic regional focus for the aviation team from Chubb Global Markets.

At first, Canopius will write non-proportional aviation reinsurance with an aim to quickly establish itself as a lead market.

Adam Spicer’s appointment comes after several high-level departures from the carrier.

The three lawsuits take the total number of cases filed against insurers from Carlyle in the UK High Court to seven.

Montgomery Aviation and Rise Aviation Limited, along with EOS Aviation, have launched fresh legal battles against Convex and Lancashire.

Lawsuits from lessors KDAC and Merx will be included in the ‘mega trial’ to be heard next year.

Rise Aviation has named the two insurers as the representatives for its all-risk and hull-war reinsurance policies, respectively.

Lessor WWTAI is also pursuing the claim via clause AVN67B, naming the Russian insurers of the airlines in possession of its aircraft.

The two have been at Gallagher since 2019, when the firm clinched the acquisition of JLT Aerospace.