Aerospace
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Sources said that the firm was already preparing to drop the book before the spate of losses. -
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Plus, the latest people moves and all the top news of the week.
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Q2 renewals will likely signal changes in the reinsurance market, the broker said.
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In tandem, it pegged its net cat loss estimate from California wildfires at $160mn-$190mn.
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Mark Costin previously held senior roles at Piiq and Marsh.
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The crash is the latest of several losses for aviation insurers in recent months.
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The aircraft lessor said it did not expect additional recoveries.
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Settlements could reduce seized aircraft quantum to the mid-single billions of dollars.
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The former Marsh aviation CEO is expected to join Lockton next month.
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Several airlines priced down around time of the Jeju and American Airlines aviation crashes.
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Financial details will not be revealed until the publication of Avolon’s full-year results.
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