Reinsurance News
airline insurance
Airline losses reshape the Q4’25 renewal season: WTW
27th November 2025
Adam Hemingway, who leads the Global Aviation & Space division at WTW, an advisory, broking and solutions firm, offers a candid look at how a succession of costly airline incidents has transformed expectations for 2025. What was meant to be a relatively steady renewal year has shifted into a challenging one, ... Read the full article
Itasca MGA provides aircraft finance insurance for Allegiant Air
31st July 2025
Itasca MGA Limited, an aviation-focused managing general agent (MGA), has structured a new insurance policy to support an aircraft debt facility for Allegiant Air, LLC, helping finance the delivery of new 737 MAX 8-200 aircraft. The aircraft deliveries align with Allegiant's strategy to directly own its fleet, allowing it to better ... Read the full article
DAE reaches $319m in cumulative settlements for stranded aircraft
19th December 2024
Dubai Aerospace Enterprise (DAE) has revealed that it has received $201 million in cash settlements over the past three months from selected insurance companies for aircraft previously leased to airline carriers in the Russian Federation. For context, hundreds of aircraft and engines remain stranded in Russia due to sanctions imposed by ... Read the full article
Itasca MGA provides aircraft finance insurance to JLPS Ireland Limited
16th December 2024
Itasca MGA Limited, an aviation-focused managing general agent (MGA), has structured an aircraft non-payment (ANPI) credit insurance policy for JLPS Ireland Limited. This solution provides wrapped debt financing with respect to Operating Leases arranged by JLPS Ireland Limited for three Airbus A321-271NX aircraft, built in 2023, which are leased to an ... Read the full article
Positive renewals outcomes ahead as market conditions favour airline insurance buyers: Gallagher Specialty
16th August 2024
Despite ongoing challenges, excess capacity and increased competition are driving rate softening for airline insurance as the market reaches the midpoint of the year, according to Gallagher Specialty. Lower average claims alongside the higher rates seen in recent years have attracted capacity back into the market, generating increased competition and pursuit ... Read the full article
Softening airline insurance market benefits buyers in Q2’24: Gallagher Specialty
15th July 2024
Gallagher Specialty’s Plane Talking Q2 2024 report highlights that excess capacity and heightened competition are driving a softening of rates, creating a more competitive pricing environment that benefits airline insurance buyers. This surplus capacity stems from increased rates in recent years coupled with lower average claims, intensifying competition and a focus ... Read the full article
Airlines face elevated war insurance premiums: Reuters
27th July 2023
Industry sources have told Reuters that they believe airlines could end up paying twice as much for the insurance they need to protect themselves against losses triggered by war as providers of coverage look to offset recent losses. The recent conflict between military factions in Sudan earlier this year led to ... Read the full article
Aviation-focused investment manager Castlelake launches Bermuda reinsurer, Itasca Re
16th January 2023
Global, aviation-focused alternative investment manager, Castlelake, L.P., has established Itasca Re Limited in Bermuda, a new reinsurance company designed to provide insurance financing solutions to both buyers and owners of commercial aircraft assets. Castlelake specialises in asset-backed private credit, and has 17 years of experience investing in, financing, and managing aviation ... Read the full article
Airline insurance conditions stable despite ongoing uncertainty: Gallagher
17th October 2022
According to re/insurance broker Gallagher, airline insurance conditions remain relatively stable despite the ongoing uncertainty around losses and other notable challenges. The firm adds that there are no immediate indications that there will be any drastic change in the market trend, at least in the remaining months of 2022. In its report, ... Read the full article
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