Aerospace
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The move follows another incredibly soft year for the all-risk market as aviation war continues to harden. -
Rokstone, the Aventum Group’s (re)insurance MGA, has appointed Jordan Landford as global head of aviation, to be based in Atlanta, Georgia.
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Looking to the key Q4 renewal period, Gallagher said there is “little to suggest a drastic shift in conditions”.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Avenue Capital-backed Greylag claimed that insurers denied coverage of the two lost aircraft, which have a value of nearly $110mn and $120mn, respectively.
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The news comes a few weeks after this publication revealed that UIB was in advanced discussions to take over local broker South Re.
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The news comes two months after this publication revealed that UIB was exploring the acquisition of the Lima-based aviation-focused reinsurance intermediary.
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Mark Sperring’s promotion comes just a few months after AIG’s former head of global aerospace, Steve Eccles, left the carrier.
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The aviation war segment is also proving ‘treacherous’ to buyers, according to the latest Plane Talking report.
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The increase takes the carrier’s total reserves for the conflict to $145.6mn.
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The aviation programme manager will exclusively use SiriusPoint’s paper across the US.
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Based in Birmingham, Alabama, the executive will report to NFP management, cyber and professional liability managing director Matthew Schott.
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