Aerospace
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The crash is the latest of several losses for aviation insurers in recent months. -
The aircraft lessor said it did not expect additional recoveries.
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Settlements could reduce seized aircraft quantum to the mid-single billions of dollars.
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The former Marsh aviation CEO is expected to join Lockton next month.
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Several airlines priced down around time of the Jeju and American Airlines aviation crashes.
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Financial details will not be revealed until the publication of Avolon’s full-year results.
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Plus, the latest people moves and all the top news of the week.
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Aviation premiums have been described as “woefully inadequate” considering rising liability losses.
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Starr-leads the WTW-placed all-risks cover for American Airlines.
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Arta Nasradini joins from AIG, where she led the DACH aerospace team.
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The broker said the market had entered a ‘new normal’ after $2bn+ losses
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Behind Axa XL, Convex wrote a 9.5% line on the all-risks reinsurance programme.
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