Aerospace
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A California ruling could set an important precedent as other courts consider similar cases. -
This puts the total cumulative cash proceeds received at $319mn.
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It is understood that Lectio is now at ~$160mn of premium and could rise to $270mn next year.
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Barry Stiff is expected to join Aon in May.
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The exits include several senior brokers who were previously with JLT and Hayward Aviation.
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Ball will succeed Jeff Poliseno, who is set to retire.
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The LMA report focused on first-party property damage from a coverage perspective and on eight key sectors.
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The carrier also warned of “uncertainty” around 2021 due to exposure to “Western-leased aircraft in Russia”.
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Space insurers are running at a near-200% loss ratio after booking losses of over $1bn in 2023.
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Starr is understood to be one of several carriers to reach an in-principle agreement with AerCap.
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The Plane Talking report said the longevity of the ‘buyers’ market’ is in question.
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