Aerospace
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Insurer results and 1.1 reinsurance renewals will shape the trajectory of 2026. -
The aviation market has experienced a run of large losses this year.
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Several airlines are understood to have come to market early.
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After losing in the High Court, insurers pin their hopes on the Court of Appeal.
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A decision in relation to who bears which legal costs will be reached at a later date.
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Chris Eaton and Bill Moret gave their notice last week without specifying their destination.
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From aviation claims to retention challenges, underlying dynamics will take time to play out.
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Mark Connellan is the latest addition to Bassel Matta’s team.
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The pair were offered contracts by Willis Re in July.
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Rönesans covers lines including aviation, energy, engineering and liability.
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Patton Kline succeeds Glod as US aviation and space practice leader.
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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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Robert James is set to join the Bassel Matta-led team.
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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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Duc Tu and Lucy Howard have resigned from Atrium.
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AIG leads the all-risks cover and Axa XL is the hull war lead.
