MS Amlin has confirmed its exit from the aviation insurance market. Effective October 14, 2019, the insurer will no longer write aviation insurance renewals or new business. The decision excludes the aviation hull war portfolio, which will continue to be underwritten by MS Amlin’s war team. Simon Beale, chief executive officer at MS Amlin, said:… Continue reading MS Amlin Exits Aviation Market
Tag: aerospace insurance
Pilots Sue Boeing for $100M Over Claims 737 Max Was Unsafe
Southwest Airlines’ pilots union has filed a lawsuit against Boeing for $100 million over lost wages from the grounding of 737 MAX jets in the wake of two crashes and a myriad of safety issues. The lawsuit was filed in Dallas County, Texas, and alleges that Boeing represented the planes as “airworthy and essentially the… Continue reading Pilots Sue Boeing for $100M Over Claims 737 Max Was Unsafe
Willis Research Network Partners with Mitigation Solutions on Global Aviation and Aerospace Initiative
The Willis Research Network (WRN) announces a new partnership with Mitiga Solutions, which will provide leading-edge volcanic ash cloud and sandstorm forecasting to aviation and aerospace clients to optimise air traffic management. This new partnership will enable airlines, airports and associated organisations in both the public and private sectors to predict and mitigate the impact… Continue reading Willis Research Network Partners with Mitigation Solutions on Global Aviation and Aerospace Initiative
Aviation Industry Expects Double-Digit Insurance Premium Hikes after 737 MAX Grounding
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, insurance executives said this week. Aviation industry premiums have been creeping up since 2017 as… Continue reading Aviation Industry Expects Double-Digit Insurance Premium Hikes after 737 MAX Grounding
Arthur J. Gallagher to Acquire JLT’s Aerospace Operations
Arthur J. Gallagher & Co. has announced that it has entered into an agreement to acquire the global aerospace operations of Jardine Lloyd Thompson Group plc (JLT). The acquisition, subject to European Commission approval, is scheduled to close this spring in connection with completion of Marsh and McLennan Companies’ acquisition of JLT. Under the agreement,… Continue reading Arthur J. Gallagher to Acquire JLT’s Aerospace Operations
Airport Industry Unites to Tackle Emerging Risk through New Community Founded by Willis Towers Watson
Willis Towers Watson today announces the launch of the Airport Risk Community (ARC). Managing the airport risk landscape effectively, requires the engagement and collective expertise of the sector to help build a more resilient airport industry, whilst supporting the potential for growth. Years of partnership with the industry, alongside data obtained through Willis Towers Watson… Continue reading Airport Industry Unites to Tackle Emerging Risk through New Community Founded by Willis Towers Watson