aviation insurance News

Grounded Airplanes at Risk from Asia’s Tropical Storm Season, Industry Experts Warn

Airlines, airports and insurers across Asia are bracing for the prospect of unusually high damage as the region’s tropical storm season begins, as hundreds of aircraft grounded by the coronavirus pandemic can’t be moved easily. Major airports in storm-vulnerable regions …

EC3 Brokers Launches Casualty and Cyber Specialty Division

EC3 Brokers announced the launch of its specialty division, with the appointment of Jonathon Lane as head of the division. Lane is joined by Dominic Toogood and Gary Moore. All three joined on May 1 and initially will report to …

Coronavirus Impact on Aviation Insurance: Gallagher

Airplanes with a total insured value of more than $160 billion are grounded around the world, presenting risks for insurers, a report said on Friday. Singapore has the largest number of planes standing idle at airports, at 205, with Hong …

Willis Towers Watson Launches Business Aviation Community Group

Willis Towers Watson announced the launch of “A Class,” a community group focused on delivering data, knowledge and solutions to its business aviation clients. A Class focuses on data analytics and risk strategy, equipping business aviation operators with data and …

Marsh JLT Specialty Names Hanrahan Global Head of Aviation, Succeeding Harker

Insurance broker Marsh announced the appointment of Garrett Hanrahan as global head of Aviation, Marsh JLT Specialty. Hanrahan is succeeding Simon Harker who is retiring after 44 years in the industry. Based in Dallas, Hanrahan will report to Lucy Clarke, …

HDI Global Specialty Appoints Kangasniemi as Head of Airline

HDI Global Specialty SE, the specialty lines insurer, has promoted Frida Kangasniemi to the role of head of Airline. She replaces Thomas Broms in the role who retired at the end of last year. Kangasniemi was previously head of General …

Starr Insurance Names Swiss Re’s O’Ryan as Canadian Manager, General Aviation

Starr Insurance Cos. has appointed Paul O’Ryan as Canadian territory manager, general aviation, effective Jan. 6. O’Ryan joins Starr from Swiss Re where he was head of General Aviation Americas in Toronto for more than 11 years, according to his …

BGC Insurance’s Aerospace Broker Rebrands as ‘Piiq Risk’ with Spate of Key Hires

BGC Insurance Group (BGCI), a global broker and division of BGC Partners Inc., announced it has rebranded its global aerospace re/insurance brokerage as Piiq Risk Partners. Since the division was launched during the second half of 2019, it has been …

Commercial Airplane Crash Deaths Drop by More than 50% in 2019: Aviation Consultant

The number of people killed in large commercial airplane crashes fell by more than 50% in 2019 despite a high-profile Boeing 737 MAX crash in Ethiopia in March, a Dutch consulting firm said on Wednesday. Aviation consulting firm To70 said …

Airlines Liable for Hot Drink Burns During Flights, EU Court Rules

Airlines are liable for a hot drink accidentally spilled and hurting a passenger, the European Union’s top court said in a dispute involving a carrier founded by the late-Formula One motor-racing champion Niki Lauda. “An airline is liable for the …