Aerospace
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Settlements relate to aircraft that were blocked from leaving Russia since 2022. -
The MGA’s GWP hit $4.6bn as the CEO labelled aviation all-risks rates “woefully inadequate”.
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Of the 178 passengers and crew on board, no serious injuries have been reported.
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Lloyd’s hopes to protect healthy pricing, but focus is on broader structural market shifts.
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Aviation reserve strengthening added 10.1 points to the combined ratio.
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The offering includes GA, aviation GL and airport and product manufacturers liability.
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CEO John Fowle said “isolated missteps” had tarnished Atrium’s record.
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The capacity arrangement with LRA also remains in place.
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Returns on capacity reduced, forecast at 4.4%-14.4%, have settled at 4.6%.
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Plus, the latest people moves and all the top news of the week.
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CEO Andreas Berger addressed Swiss Re’s primary aviation exit.
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Insurers are moving to settle with airline lessors over Ukraine claims.
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