Aerospace

AIG leads the policy set to pay out after a Qatar Airways plane burst into flames last Friday (8 December), causing a suspected $45mn of damage, The Insurance Insider can reveal

Munich Re has taken over the leadership position on Axa Corporate Solutions' major aviation quota share after offering an 11th-hour improvement in terms to the client, The Insurance Insider can reveal.

Marsh has appointed Mark Costin as head of the broker's UK aviation practice.

Allianz is understood to be the lead insurer for a potential £32.0mn ($43.1mn) claim after the world's longest aircraft collapsed while on the ground

Airline insurers are having a better renewal than they have had for a long time. Composite rates are probably up a few points in the aggregate and lead premium is higher too if you squint at it.

After 15 years of downward pricing pressure, underwriters in the airline market finally secured a 3 to 5 percent increase in lead premiums in the key fourth quarter renewals, The Insurance Insider understands.

Senior insurance executives and underwriters in Baden-Baden were expecting a North Atlantic-hurricane-induced rate increase to spread even into unaffected specialty lines, after years of margin compression in sectors including marine, energy and aviation.

European Commission (EC) regulators have launched an antitrust investigation into aviation broking, taking on the mantle from UK watchdogs

Aviation rates are expected to flatten, and harden for loss-prone clients, with underwriters becoming more selective about the risks they take on, according to JLT's quarterly review of the aviation market.

Allianz Global Corporate & Specialty (AGCS) has promoted David Warfel to the role of head of aviation for North America.

Allianz Global Corporate & Specialty (AGCS) has promoted David Warfel to the role of head of aviation for North America.

Thomas Miller Specialty, the underwriting arm of the insurance services provider Thomas Miller, has set up a general aviation division