AIG

Court documents also revealed that 101 of AerCap’s 116 planes in Russia have been re-registered.

Charles Tinworth and Abigail Paterson are set to join the property team as senior underwriter and underwriter, respectively.

Josh Brekenfeld succeeds Patrick Mahon, who has been appointed head of group business for global accident and health.

The executive has over two decades of experience in the property underwriting sector, having worked for various carriers, including PartnerRe and RSA.

The carrier denied it is liable to pay any of AerCap’s claim on the grounds that no loss has been suffered.

The hydrogen industry is a key pillar of the energy transition, but securing insurance coverage is challenging.

The firm pointed to likely material increases in reinsurance rates for peak zone business in some cases.

AIG improved its underwriting performance in Q2, as its general insurance (GI) combined ratio declined by 5.1 points to 87.4% and the carrier booked $202mn in favorable reserve development compared with $51mn last year.

The executive will rejoin as EVP, reinsurance purchasing and risk capital optimization.

Adriana Cisneros was AIG’s LatAm property product leader for more than three years in south Florida.

The suit is believed to be the first court case against insurers by a lessor in relation to the Ukraine conflict.

Based in Bermuda, Jesse DeCouto will report directly to Validus Re CEO Chris Schaper.