Aerospace
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Ball will succeed Jeff Poliseno, who is set to retire. -
The executive joins Applied from Canopius.
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The Plane Talking report said the longevity of the ‘buyers’ market’ is in question.
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Crashes and collisions accounted for 63% of aviation insurance claims between 2019 and 2024.
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Ian George will be joined by Sawyer and Williamson as account executive and consultant respectively.
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This is Chubb’s second MGA deal in the past few months.
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Hallmark’s commercial business will be fronted by HDI subsidiaries.
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The market remains “delicately balanced” amid global conflicts and claims deterioration.
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Old Republic Aerospace CEO Ralph Sohl will continue in his current position.
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Thursday’s announcement means that the Russian insurer is off the hook for claims proceedings.
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The broker said reinsurance capacity has contracted over the past 18 months, and the once-diamond-hard aviation war market has started to soften.
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