Aerospace
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The exits include several senior brokers who were previously with JLT and Hayward Aviation. -
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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The settlement was announced by DAE’s lawyer Alistair Schaff on day one of the aviation ‘mega trial’.
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The 12-week trial is set to commence in the Commercial Court in London tomorrow.
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Co-heads of the space unit Chris Gibbs and Richard Parker have left the carrier following the exit from the class.
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Loss-free accounts are expected to be oversubscribed by as much as 140%.
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