Aerospace
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The case comes six months after DAE announced it had filed a $1bn insurance claim for 19 aircraft stranded in Russia. -
The market is waiting to see if the loss deterioration changes soft dynamics that were developing in the key Q4 all risks renewals.
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Terry Rolfe joins from Epic Insurance Brokers & Consultants, where she served as aviation practice leader.
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The hull war market is also looking to target premiums in excess of $500mn, up from the $180mn it achieved in 2021.
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Liberty Specialty Markets said it was still fully committed to writing aviation risks.
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The initiative aims to tackle the growing threat posed by 100 million pieces of space debris to the global satellite network.
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The carrier denied it is liable to pay any of AerCap’s claim on the grounds that no loss has been suffered.
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AerCap’s contingent war insurers have filed documents rebuffing the lessor’s $3.5bn all-risk claim.
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Jay Wigmore previously spent 21 years at Tokio Marine Kiln, most recently as head of general aviation and product development.
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In his new position, the executive will focus on the firm’s expansion of its aviation insurance offerings.
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The appointment comes just four months after Everest entered the class, hiring Global Aerospace’s Paul Truman to run its aviation book.
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