aviation insurance News

Family of American Killed in 737 Max Crash Sues Boeing, Ethiopian Airlines

The family of an American woman killed in the crash of an Ethiopian Airlines 737 MAX filed a lawsuit on Thursday against the airline, Boeing Co. and Rosemount Aerospace Inc., which makes a part of the aircraft that is the …

Marsh, Jardine Lloyd Thompson Agree to Sell JLT’s Aerospace Unit to Gallagher

Marsh & McLennan Cos. (MMC) and Jardine Lloyd Thompson (JLT) have entered into an agreement to sell JLT’s aerospace business to Arthur J. Gallagher. The agreement provides for the acquisition of all assets within JLT’s global aerospace retail and wholesale …

NASA Warns SpaceX, Boeing on Space Program Safety Concerns

NASA has warned SpaceX and Boeing Co. of design and safety concerns for their competing astronaut launch systems, according to industry sources and a new government report, threatening the U.S. bid to revive its human spaceflight program later this year. …

Underwriting Platform elseco Agrees to Buy MGA, Selected Renewal Rights from StarStone

Specialty underwriting platform elseco has entered into an agreement with global specialty insurer StarStone to acquire its managing general agent, Malakite Underwriting Partners Ltd., and the renewal rights to StarStone’s Zurich-based airlines & products portfolio. Under a new strategic partnership …

Allianz Adds Reyes to Aviation Underwriting Team in Colorado

Allianz Global Corporate & Specialty has named Hugo Reyes a senior underwriter in General Aviation for North America. Reyes is responsible for the underwriting of complex General Aviation risks and broker development and management. Reyes joins Allianz with nearly two …

Lion Air Plane’s Cockpit Voice Recorder Recovered in Java Sea

Indonesia found the cockpit voice recorder from the Lion Air plane that crashed in October, giving investigators a real chance at solving the mystery of what brought down a modern jet. The CVR of the Boeing Co. 737 Max aircraft …

Lion Air Ends Hunt for 2nd Black Box, but Indonesia Plans to Resume Search

Lion Air has ended its search for the cockpit voice recorder (CVR) from its Boeing 737 MAX jet that crashed into the Java Sea in October, but Indonesian investigators said they plan to launch their own probe as soon as …

Deaths on Passenger Jet Aircraft Rise Across Globe in 2018

The fatality rate on passenger jet aircraft worldwide jumped in 2018 after airlines recorded zero accident deaths on passenger jets in the prior year, according to a Dutch consulting firm and an aviation safety group. Dutch aviation consulting firm To70 …

Starr Insurance Cos. Expands Aviation Insurance Operations to Brazil

Starr Insurance Cos. announced that Starr International Brasil Seguradora S.A. has been granted a local license to offer aviation insurance. “We are thrilled to be adding aviation capability in an important, growing economy like Brazil,” said Steve Blakey, president and …

Judge Nixes U.S. Suit Against Malaysia Airlines, Insurer Allianz Over Plane Disappearance

A U.S. judge has dismissed nationwide litigation over the disappearance of Malaysia Airlines Flight MH370 in which victims’ families sought to hold the carrier, its insurer Allianz SE and Boeing Co. liable for the still-unexplained disaster. U.S. District Judge Ketanji …