aviation insurance News

Starr Taps Swiss Re’s Nawrath as Underwriting Chief for New Aviation Unit in Germany

Starr Insurance Cos. announced the appointment of Carsten Nawrath as Aviation underwriting manager, leading the build-out of a new Aviation insurance operation based in Munich, Germany. The operation will write aerospace and general aviation business for clients across Central Europe. …

MS Amlin Exits Aviation Insurance Market

MS Amlin, the London-based re/insurer and subsidiary of MS&AD, confirms its exit from the aviation insurance market, effective from Oct. 14 when it will cease underwriting aviation insurance renewals or new business. This change excludes the aviation hull war portfolio …

Marsh JLT Specialty Aviation Hires 4 Execs from Aon, Global Aerospace and Swiss Re

Marsh, the insurance broker and risk adviser, announced four senior appointments to Marsh JLT Specialty’s Aviation Practice in London and New York. In London, Tony Ambrose and Martyn Holland are set to join as managing directors, reporting to Andy Smith, …

Switzerland’s Helvetia to Begin Underwriting Worldwide Aviation Insurance in October

Helvetia Specialty Lines CH & International announced it will begin writing aviation insurance in October. Helvetia’s aviation team will offer worldwide insurance coverage for passenger liability, third-party liability and comprehensive cover. Helvetia said it is concentrating on worldwide major accounts …

AIG Taps Eccles from Argo, Langdon from Chubb for Senior Global Specialty Roles

American International Group, Inc. announced the appointment of two senior leaders in its global specialty business. Steve Eccles will join AIG as global head of Aerospace, General Insurance. James Langdon will join AIG as UK head of Energy & Construction, …

Aviation Industry Braces for Double-Digit Premium Hikes After 737 MAX Groundings

The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers wrestle with higher costs from aircraft groundings, including the grounding of Boeing Co.’s 737 MAX jets following two fatal crashes, …

Marsh Appoints Smith as Chairman and CEO of UK Aviation Practice

Marsh announced the appointment of Andy Smith as chairman and CEO of its UK Aviation Practice, within Marsh JLT Specialty. Smith is based in London and reports to Paul Moody, UK CEO, Marsh JLT Specialty, and Simon Harker, global head …

AGCS Appoints Kadow as Global Head of Marine; Fadden Named Global Head of Aviation

Allianz Global Corporate & Specialty SE (AGCS) is rearranging roles in the management team of its Specialty business segment. Effective July 1, 2019, Ulrich Kadow will be appointed as AGCS global head of Marine. Effective immediately, Tom Fadden will be …

Gallagher Finalizes Acquisition of JLT’s Global Aerospace Operations

Arthur J. Gallagher, the Rolling Meadows, Ill.-based insurance broker, confirmed the previously announced acquisition of Jardine Lloyd Thompson Group plc’s (JLT) global aerospace operations was completed on June 1, 2019. The addition of JLT’s global aerospace retail and wholesale insurance …

HDI Global Specialty Taps Jackson from Neon as Head of Aviation and Space

HDI Global Specialty SE, the specialty lines insurer, has recruited Martin Jackson as head of aviation and space. Jackson joins the London office on May 20 from Neon, where he was class underwriter, marine and transport. He succeeds Tim Slade. …