Aerospace
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First proposed last week, the law passed through the Russian parliament, on Friday and was signed into law by Putin today. -
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Reuters reported that if a foreign lessor terminates the agreement, a special government commission is to decide whether the aircraft can be returned.
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Multiple interlocking dependencies will determine whether huge potential claims from leasing companies are ultimately paid.
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Carl Shephard will serve as aviation senior broker in London and Chris Latta as vice president for the US Southeast region aviation practice.
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The general aviation underwriter joins the expansive specialty player to work alongside lead aviation underwriter Simon Herring.
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The senior underwriting figure will lead one of the bigger aviation portfolios in the London market.
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The market is becoming more of a buyers’ market as new capacity arrives.
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Some airline accounts registered rate decreases as competition ramped up towards the end of 2021, according to the broker.
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An Ascot-led consortium will be launched at Lloyd’s, offering a variety of space cover.
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Greg Rector, managing director of Aerosure, will become MD of Willis’ Australasia aviation division.
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The product launch is the latest in a series of market entries for the expansive business.
