aviation insurance News

Swiss Re Corporate Solutions Appoints Tardif as Head Aviation Canada

Swiss Re Corporate Solutions has appointed Simon Tardif as head Aviation Canada, effective Oct. 29, 2018. In this role, Tardif will be responsible for the growth and strategy of the aviation team across Canada. He has relocated from Paris, France …

Airport Operators Take Action Against Rising Seas, Powerful Storms as Climate Changes

Global airport operators, faced with rising sea levels and more powerful storms as the climate changes, are starting to invest in measures including higher runways, seawalls and better drainage systems to future-proof immovable assets. In early September, a seawall at …

Allianz Global Corporate Adds Setzer, Johnson to Aviation Underwriting Team

Allianz Global Corporate & Specialty (AGCS) has hired Scott Setzer as an executive underwriter for Aviation, and Adam Johnson as an Aviation underwriter. Setzer will be based in Alpharetta, Georgia and Johnson in Denver. They will focus on strengthening relationships …

Starr to Acquire Aspen’s Aviation Insurance Renewal Business

Starr Insurance Companies, one of the largest aviation insurers, has agreed to acquire the renewal rights of Aspen Insurance’s aviation business, which the insurer says is in excess of $50 million in gross written premiums. This follows Aspen’s announcement last …

XL Catlin Launches Specialty Aviation Insurance in Mexico

XL Catlin announced the launch of specialty aviation insurance in Mexico. The new product suite will initially focus on general aviation hull and liability risks. With an established presence in Latin America and aviation teams in Brazil, the United States …

Probe Says FAA Allowed Unsafe Charter Planes to Fly

Government aviation inspectors allowed unsafe aircraft to operate in U.S. commercial flight operations, a whistleblower investigation has concluded. The Federal Aviation Administration’s own review confirmed the allegations, according to the Office of Special Counsel, the agency charged with investigating complaints …

London Market’s Electronic Placing Platform, PPL, Now Trades Aviation Risks

The London market’s electronic placing platform, PPL Ltd., announced that aviation classes of business went live on the platform on June 11. “With only reinsurance and verticalized placements left to go, this latest release means that underwriters and brokers are …

Airlines Urged to Use Predictive Models, Data Sharing to Keep Skies Safe

Global airlines, coming off a record-low accident rate in 2017, need to guard against complacency over safety as heavy growth in travel demand stretches the air transport system, industry leaders warned at a conference this week. There were no jet …

How Airlines Handle Medical Emergencies While in Flight

In May 2016, Lewis Christman was flying from Chicago to Rome when he suffered a bout of acute pancreatitis. He curled into a fetal position on the floor. He spent the next seven hours in agony while the plane flew …

Southwest Air Jet Engine That Failed Was Inspected 7 Times

The fan blade that failed on a Southwest Airlines Co. plane last month, killing a passenger, had been inspected seven times since late 2012 but without the sophisticated technology airlines are now under orders to use. The inspections relied on …