Aerospace
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The Plane Talking report said the longevity of the ‘buyers’ market’ is in question. -
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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The move follows another incredibly soft year for the all-risk market as aviation war continues to harden.
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Rokstone, the Aventum Group’s (re)insurance MGA, has appointed Jordan Landford as global head of aviation, to be based in Atlanta, Georgia.
Related
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Rokstone launches US mid-market aviation program
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Strong potential for ‘sharp change’ in aviation market in 2025: Willis
February 20, 2025 -
Fidelis Insurance Group takes $287mn aviation reserve charge
February 19, 2025