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Aircraft lessor Greylag sues insurers over ~$230mn grounded units in Indonesia

Avenue Capital-backed Greylag claimed that insurers denied coverage of the two lost aircraft, which have a value of nearly $110mn and $120mn, respectively.

Jairo Ibarra, 03 October 2023
Aviation war insurers hike rates as all-risk renewals defy post-Ukraine fears

The aviation market took what is believed to be its largest-ever loss recently and court actions over Ukraine claims are ongoing, all contributing to a hard war market as all-risk renewals remain softer.

Aisling Finn, 10 November 2022
Aspen president Ritz departs after less than a year

The executive was believed to be in line to succeed CEO Mark Cloutier.

Adam McNestrie, 19 May 2020
Skytek updates commercial vessel count in Ian’s cone to 73 valued at ~$3bn

Of the 73 units, 68 are cargo ships and five are tanker vessels, according to Skytek’s analytics platform React.

Jairo Ibarra, 28 September 2022
Lodgepine CEO Barnard to depart Markel after more than a decade

His departure follows the closure of retro platform Lodgepine and Markel’s cat exit.

Adam McNestrie, 23 February 2022
Cyber threats more dangerous and destructive than ever: Tokio Marine

In the past year, criminals held more than $600mn in ransom, stole millions of citizen records, compromised a billion airline-passenger details and threatened the IT operations of 40,000 businesses.

Aisling Finn, 10 February 2022
The Week in 90 Seconds: Lloyd’s messaging; Nanmadol; BMS

Plus the latest executive moves and all the top news from this week.

Rachel Dalton, 23 September 2022
Hannover Re expects ILS market of more than $100bn in 2022

The reinsurer said it was anticipating increased volume for catastrophe bonds and collateralised reinsurance this year.

Luke Harrison, 21 February 2022
Lloyd’s 2021 results: More than half the market outperforms Lloyd’s peer group

Only 31% of syndicates reported underwriting losses in 2021 – down from 64% in 2020.

Ben Wylie, 11 April 2022
CoreLogic updates total Ian damage estimate to $41bn-$70bn with uninsured flood losses up

The estimate includes wind loss, re-evaluated insured and uninsured storm surge loss and newly calculated inland flood loss for residential and commercial properties.

Farhin Lilywala, 07 October 2022

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