Aerospace
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A positive outcome could significantly curb insurers’ exposure to the loss. -
Large losses and attrition put pressure on aviation underwriters.
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Plus, the latest people moves and all the top news of the week.
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Lloyd’s has been likened to a “toothless tiger” in its crackdown efforts.
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Overall market capacity increased by 5.3% year-on-year, the broker reported.
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Settlements relate to aircraft that were blocked from leaving Russia since 2022.
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The MGA’s GWP hit $4.6bn as the CEO labelled aviation all-risks rates “woefully inadequate”.
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Of the 178 passengers and crew on board, no serious injuries have been reported.
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Lloyd’s hopes to protect healthy pricing, but focus is on broader structural market shifts.
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Aviation reserve strengthening added 10.1 points to the combined ratio.
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The offering includes GA, aviation GL and airport and product manufacturers liability.
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