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Aircastle sues insurers in NY over $265.9mn aircraft losses from Russia-Ukraine war

The amount Aircastle is looking for in the suit is, however, lower than the $350mn insurance claim that for equipment stranded in Russia.

Jairo Ibarra, 11 November 2022
Lockton lures Aon’s Bannister to join PV team

James Bannister has spent 12 years in total at Aon, with his time at the broker split in half by a two-year stint as a PV underwriter at Sompo Canopius.

Aisling Finn, 11 November 2022
Chubb SVP Cellura to assume Everest fac head role in London

Sources said Miami-based Everest fac VP Sean Berry is set to move to London as head of international property.

Jairo Ibarra, 11 November 2022
Nicole revives Florida reform urgency as ailing domestic carriers face further surplus erosion

Expanded state reinsurance support and legal reforms will be top priorities as Florida insurers face another retention loss.

Farhin Lilywala, 11 November 2022
Lloyd’s names Christian’s potential replacements ahead of upcoming election

The Corporation has named Richard Dudley and Brad Irick as nominees for the open seat on the Council of Lloyd’s.

Aisling Finn, 11 November 2022
Largest volume traded since 2005 as Lloyd’s capacity auctions complete

A total of £254mn of capacity was traded across the three auctions, the most active in recent times.

Samuel Casey, 11 November 2022
NFIP anticipates Hurricane Ian claims of $3.5bn-$5.3bn

The programme has paid out $437mn to policyholders so far.

Rachel Dalton, 11 November 2022
PartnerRe adds ex-Rockerfeller CEO Jeffery and Covéa’s Frezal to board

The appointments to the board begin with immediate effect.

Samuel Casey, 11 November 2022
‘Properly priced reinsurance positive for insurance industry’: Beazley’s Cox

The reinsurance market next year will be a “challenging environment”, which Beazley expects to “shift significantly”, according to CEO Adrian Cox.

Aisling Finn, 11 November 2022
Zaffino confirmed as AIG CEO for next five years as turnaround bears fruit

Since joining the company in 2017, the executive has helped to spearhead a turnaround in performance for the carrier.

Samuel Casey, 11 November 2022

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