Aerospace

The pandemic could also lead to a spike in attritional claims and increased risk aggregation due to grounded fleets.

Heavy losses come off the back of poor performance and brings more scrutiny to the class, the broker said.

The move follows Helvetia’s entry into the aviation market last October as the carrier expands in specialty lines.

Wayne Murphy joins from Trust Re to lead the new division.

RKH Specialty has made 13 new senior appointments to its global aviation operation, tripling the size of its team.

The intermediary adds 14 staff in London and Colombia teams.

Antares Underwriting CEO Joe Battle and head of ceded reinsurance Richard Anson are expected to leave the firm following a strategic review of the business by parent company QIC.

Jonathan Milford-Cottam replaces Tom Fadden, who remains global aviation head.

In court documents, the defence company says Aon failed to provide sufficient claims notification advice.

Johnny Wadhams has moved to the broker from Chubb, where he was chief underwriting officer for aviation.

The broker will join the business next year as senior partner and report to president Marcel Chad.

"It costs less $ to insure a Falcon 9 mission," said Musk in a Tweet.