Florida’s Citizens and its broker Gallagher Re have gone out to the traditional reinsurance market this w...
UAE floods set to cause “sizeable influx” of local claims with ri recoveries to limit impact on domestic market
A “sizeable influx” of local insurance claims is expected in the UAE and Oman on the back of record rainfall in the region,...
A “sizeable influx” of local insurance claims is expected in the UAE and Oman on the back of record rainfall in the region,...
Article / 19 hours ago
Fresh Hannover Re and Canopius aviation ri capacity limits reinsurers' push for larger 1.4 rate rises
Additional aviation reinsurance capacity from Hannover Re and Canopius limited the broader market's ambition to negotiate...
Additional aviation reinsurance capacity from Hannover Re and Canopius limited the broader market's ambition to negotiate...
Article / 7 days ago
Insurers fight aviation lessor's $20mn Russia claim
London aviation (re)insurers have hit back at a $20mn High Court claim brought by Dublin-based Genesis Aero, arguing that the rising number of...
London aviation (re)insurers have hit back at a $20mn High Court claim brought by Dublin-based Genesis Aero, arguing that the rising number of...
Article / 10 days ago
Aviation lessors pursue fresh claims against (re)insurers
Aviation lessors, including Castlelake and Air Lease Corporation, have issued a fresh batch of claims against international (re)insurers likely related to assets seized by...
Aviation lessors, including Castlelake and Air Lease Corporation, have issued a fresh batch of claims against international (re)insurers likely related to assets seized by...
Article / 1 month ago
Latest run of Boeing incidents add to safety concerns
The recent flurry of Boeing technical incidents is likely to trigger only attritional claims but will add to the safety concerns which have intensified since January's Max 9 blowout....
The recent flurry of Boeing technical incidents is likely to trigger only attritional claims but will add to the safety concerns which have intensified since January's Max 9 blowout....
Article / 1 month ago
Lessor CALC reaches $23.6mn settlement with Russia's Aeroflot
Aviation lessor China Aircraft Leasing Group Holdings has received an insurance settlement worth $23.6mn from a Russian insurer regarding an aircraft leased to flag carrier Aeroflot at the time...
Aviation lessor China Aircraft Leasing Group Holdings has received an insurance settlement worth $23.6mn from a Russian insurer regarding an aircraft leased to flag carrier Aeroflot at the time...
Article / 1 month ago
Global Aerospace leads $20.59mn operator cover for North Sea heli crash
Global Aerospace is the lead on the cover for Bristow Helicopters, the operator of the Sikorsky S-92A helicopter that plunged into the North Sea last week...
Global Aerospace is the lead on the cover for Bristow Helicopters, the operator of the Sikorsky S-92A helicopter that plunged into the North Sea last week...
Article / 2 months ago
Russia aviation reserve increases wipe out 2021 YoA profits at TMK 510
Reserve strengthening for Russian aviation claims in the fourth quarter of 2023 saw Tokio Marine Kiln Syndicate 510 close the 2021 year of account with a breakeven...
Reserve strengthening for Russian aviation claims in the fourth quarter of 2023 saw Tokio Marine Kiln Syndicate 510 close the 2021 year of account with a breakeven...
Article / 2 months ago
DAE secured $118.3mn in cash insurance settlements over 2023
Dubai Aerospace Enterprise received cash insurance settlement proceeds of approximately $118.3bn during the full year ended 31 December 2023 as it...
Dubai Aerospace Enterprise received cash insurance settlement proceeds of approximately $118.3bn during the full year ended 31 December 2023 as it...
Article / 2 months ago
Broker McGill ordered to hand AerCap Russia-Ukraine policy documents
A London Court has ordered McGill and Partners to hand over to AerCap reinsurance contracts at the centre of the Dublin-based aviation lessor's multi-billion...
A London Court has ordered McGill and Partners to hand over to AerCap reinsurance contracts at the centre of the Dublin-based aviation lessor's multi-billion...
Article / 3 months ago