Aerospace

John succeeds Kostya Zolotusky, who will retire at the end of the month.

Axa XL has also added Fidelis’ Jamie Cann to its aviation team.

The status was achieved thanks to the MGA’s insurance partner, Apollo Underwriting.

BOC is believed to be the first lessor to publicly disclose a settlement with its (re)insurers.

The market remains “delicately balanced” amid global conflicts and claims deterioration.

The judge said the lessors “are very unlikely to obtain a fair trial in Russia”.

Mike Smith will step down from his role on 31 March.

Plus all the latest executive moves and the top news of the week.

Rate increases have accelerated further after major losses in 2023.

There remain 22 defendants still challenging the venue for claims hearings.

The talks must be completed by 28 June to avoid a trial.

The 737 Max fleet was previously grounded in 2019 following the fatal crashes of Lion Air Flight 610 and Ethiopian Airlines Flight 302, when Boeing had a $500mn sub-limit on such claims.