Aerospace
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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. -
In his new role, Martin Audis will be based in London and will report to Nigel Griffiths, regional head of general aviation.
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The Ukraine loss reserve tally has reached $2.4bn as of the end of June.
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Separately, the lessor has launched legal proceedings against AIG and other insurers for the full value of its $3.5bn insurance claim.
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Adrian Poxon will take on the role of aviation CUO following Sommerlad’s retirement on 1 September.
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Before joining Aon, Rob Sage took a step back from the market after spending more than 20 years at AIG.
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The news comes after this publication revealed Kerrigan Read is also set for WTW.
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Everest Re has appointed TMK’s Ben Amphlett as its first head of aerospace while also hiring Jake Wagner, senior aviation underwriter at Allianz.
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The carrier did also acknowledge that, while it believes losses should fall on war policies, “claimants have to exhaust other alternatives first”.
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Kerrigan Read brings more than 28 years of insurance experience, including 25 years with aerospace clients.
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Despite the uncertainty surrounding the conflict, rates in the airline all-risk market remain flat.
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If the lessor’s $3.5bn all-risk claim proves unsuccessful, it plans to pursue a claim on its contingent war policy worth $1.2bn.
