Aerospace

The former managing director of RushPort Ventures has also worked in the space practices at Marsh and Aon.

Carriers led by XL Catlin prepare to pay out for the loss of a Brazilian military prototype.

Anaemic rates have forced the carrier to abandon the business line.

The space market is preparing to pay for the total loss of an Angolan government satellite.

The Hong Kong-headquartered carrier replaces Qatar Insurance as a paper provider to the MGA.

If the loss comes in at the high end of the projected range, it will absorb roughly half the market's annual premium base.

A passenger sitting three seats behind the woman who was killed has taken the airline and the makers of the plane's engine to federal court.

Aviation rates held flat during first quarter renewals as underwriters prioritised profitability above volume or market share, according to JLT’s latest Plane Talking report.

Hive Aero, the MGA specialising in aviation war business led by Bruce Carman, has launched with capacity of $50mn for any one aircraft from Beazley, Arch, Chaucer and Dale. .

Strengthening resolve among aviation underwriters is arresting a prolonged decline in rates, broker JLT Specialty said.

Pricing on loss-free airline all-risk accounts showed muted upward movement at the 1 April renewals amid continued overcapacity and an uptick in claims.

Berkshire Hathaway-backed aviation pool USAIG leads the insurance policy for the helicopter that crashed into New York's East River last month, killing five passengers, The Insurance Insider can reveal.