Aerospace

Hiscox has stopped writing aviation hull and liability insurance lines at its Lloyd's operation, The Insurance Insider can reveal.

Allianz Global Corporate & Specialty and La Réunion Aérienne jointly lead the aviation hull policy for a Boeing 737-800 that skidded off the runway and over a cliff in north-eastern Turkey, The Insurance Insider can reveal.

AIG's former aerospace and marine head Joe Trotti is to leave the US carrier for JLT.

AmTrust at Lloyd's (ATL) has appointed Chris Gibbs as the carrier's new head of space.

The global aviation market is starting to harden, with loss-hit accounts achieving rate increases in the fourth quarter, according to JLT Specialty.

Aviation war underwriter Bruce Carman has returned to the London market to launch an MGA, The Insurance Insider can reveal

Munich Re and EasyJet have developed a flight cancellation insurance product that provides the airline with business interruption cover for events like volcanic ash clouds.

A US spy satellite that reportedly failed to reach orbit appears to be a total loss, according to news outlets including The Wall Street Journal and the Financial Times

Enstar has completed the previously announced sale of its Pavonia unit to an affiliate of Global Bankers Insurance Group for $120mn.

An Enstar subsidiary has agreed to reinsure a $100mn portfolio of Allianz SE’s US run-off business, building on an earlier legacy transaction.

Former Marsh UK aviation chief Marcel Chad has left after reaching a settlement with the broking giant, The Insurance Insider can reveal

Munich Re has bought an additional 11 percent of shares in Global Aerospace Underwriting Managers to take it to a majority holding.