Aerospace
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Earlier clean aviation renewals had ~50% increases, and those with exposure to the $2bn loss paid much larger increases. -
Despite hardening rates, insurers are “very polarised” about entering the class, CEO Laurent Lemaire says.
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The broker adds a mandate worth $10mn in premium after its Bristow Helicopter win.
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The MGA underwrites 100% of Dolijet’s GA and liability policy, with the combined single limit understood to be EUR15mn.
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United Airlines’ all-risks policy could face liability claims, while the Pratt & Whitney policy could see a partial grounding claim.
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Sharing confidential client information was endemic in the market until the 2017 investigation prompted it to be stamped out.
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Despite the grounding of multiple Boeing 777 planes, the incident is unlikely to result in another claim from Boeing, sources said.
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The intermediary's disclosure confirms the end of a process that began with dawn raids in the UK almost four years ago.
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Tim Wakeman has worked across the space and aviation sector at Aon, Willis and UIB.
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The reinsurer has around a 20% line on the broadcaster’s policy, with Willis Towers Watson acting as the broker.
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Martin McConnell and Michael Holt will join the Florida-based unit as partners next month.
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Benjamin Telling worked at AGCS since 2009 and has been an airline underwriter since 2017.
