Aerospace
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Overall market capacity increased by 5.3% year-on-year, the broker reported. -
Of the 178 passengers and crew on board, no serious injuries have been reported.
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The offering includes GA, aviation GL and airport and product manufacturers liability.
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Q2 renewals will likely signal changes in the reinsurance market, the broker said.
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In tandem, it pegged its net cat loss estimate from California wildfires at $160mn-$190mn.
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Starr-leads the WTW-placed all-risks cover for American Airlines.
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The broker cautioned unresolved Russia-Ukraine claims remain a ‘Black Swan’
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LAU will become the new Core Specialty Aviation & Aerospace Division.
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The program was developed in collaboration with Allianz Commercial.
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A California ruling could set an important precedent as other courts consider similar cases.
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Ball will succeed Jeff Poliseno, who is set to retire.
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The executive joins Applied from Canopius.
Related
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Ample capacity driving softening in Q4 airline renewals: Gallagher
October 03, 2024 -
Aviation premiums to reach 20-year high: Allianz
July 31, 2024