Aerospace

MS Amlin is reviewing its support for aviation MGAs as it seeks to cut back general aviation business, The Insurance Insider can reveal.

The aviation market has settled a major loss relating to the grounding of faulty Airbus helicopters last year for more than $100mn less than initially feared, The Insurance Insider can reveal.

Russian insurer AlfaStrakhovanie is on risk for the Saratov Airlines plane that crashed on Sunday (11 February) killing all 71 people on board, The Insurance Insider can reveal.

Swiss Re has restructured its specialty reinsurance management structure, reducing the number of divisions from five to two, The Insurance Insider can reveal.

London market executives have expressed disappointment at the lacklustre rate rises underwriters have been able to achieve following the 2017 catastrophes, as continued overcapacity has served to drown out hard market sentiment.

Sompo International has picked the Qatar Re executive Patrick Cove as head of global aviation reinsurance, the company has said.

The Insurance Insider looks in detail at the results for Lloyd's marine, energy, aviation and motor segments

The UK Space Agency is considering a change to the calculation of third-party liability requirements for satellites that would boost the space insurance industry, The Insurance Insider can reveal.

Lloyd's has instructed all managing agents to cease writing existing European binding authority business through usual means by 31 December 2018, as the corporation prepares to move business to the Lloyd's Brussels platform.

Allianz Global Corporate & Specialty is the lead insurer on a Mexican helicopter loss that is set to cost the aviation market up to $44mn, The Insurance Insider can reveal.

John F. Kearns was named president of Berkley Mid-Atlantic Group, a Berkley Company, succeeding Susan N. Grady, W.R. Berkley said today.

MS Amlin has warned Ortac that it will withdraw capacity from the general aviation MGA, The Insurance Insider understands.