Reinsurance News


AGCS partners with ParaZero on drone safety systems

27th April 2018

Allianz Global Corporate & Specialty (AGCS), the specialist corporate re/insurer of Allianz Group, has partnered with Israel-based drone safety systems company ParaZero to reduce risks related to commercial Unmanned Aircraft Systems (UAS). AGCS plans to offer pricing incentives and preferential conditions to clients using ParaZero products, initially in the U.S market ... Read the full article

Sompo International hires Cove from Qatar Re to lead aviation reinsurance

9th April 2018

Sompo International, the Bermuda headquartered specialty lines and reinsurance unit of Sompo Holdings, has hired Patrick Cove from rival Qatar Re to become the firms new Global Head of Aviation Reinsurance business. Cove joins the Sompo International Global Specialty Reinsurance Team and takes on responsibility for reinsurance business in the airline ... Read the full article

Beazley’s Dirk Froese elected to LMA Aviation Committee

29th March 2018

A recent Lloyd’s ballot has elected Dirk Froese, Head of Aviation at Beazley, to the Lloyd’s Market Association’s (LMA) Aviation Committee for a term of four years. Froese will join re-elected committee members Peter Wakefield, Head of Aviation at Chaucer, and Christopher Collins, Head of Aviation at Talbot, in providing a ... Read the full article

Willis Towers Watson launches cyber solution for aviation industry

27th February 2018

Willis Towers Watson has launched a tailored cyber insurance solution for the general aviation industry, Willis Towers Watson Aerospace Cyber Guard. The product is available to North American-based general aviation companies, including charter operators, tour operators, flying clubs, flight schools, fixed-based operators, maintenance repair operators, small aviation-related manufacturing and fleet management ... Read the full article

Munich Re & easyJet develop business interruption cover for flight cancellation risks

9th January 2018

Reinsurance giant Munich Re and low-cost carrier airline easyJet have collaborated to create a new insurance product that is designed to provide business interruption style coverage to airlines when major flight cancellation issues occur. The comprehensive cover is being described as the first product to protect airlines against the costs of ... Read the full article

Starr Companies enters into aviation insurance agreement with SMARTT MGA

22nd November 2017

Starr Companies has announced a new partnership with SMARTT MGA, that sees the latter act as Agent for Starr International (Europe) Limited, providing both automated quotes and policy documentation for light general aviation business. Jim Herbert, Chief Underwriting Officer (CUO), Aviation, said; "We have built a close and fruitful relationship with ... Read the full article

David Warfel named Head of Aviation, NA, AGCS

29th September 2017

The international specialist corporate insurance arm of insurer Allianz, Allianz Global Corporate & Specialty (AGCS), has announced that David Warfel will replace Mike Hansen as Head of Aviation, North America, effective October 1st, 2017. Warfel previously held the position of Head of Major Risks for Aviation at Allianz, a position he ... Read the full article

Chubb launches innovative Flight Delay cover with App in the Air

15th September 2017

Flight Delay Insurance, a new innovative insurance solution for airline travellers has been launched by global insurer Chubb and App in the Air. The solution was underwritten by Chubb's European group in collaboration with reinsurance giant Swiss Re and FlightStats, and will be made available to UK App in the ... Read the full article

XL Catlin expands North American Aviation Insurance team with key appointments

3rd August 2017

XL Catlin has expanded its Canada Aviation Insurance team with the appointment of David Watts as Vice President of Canadian Aviation Manager, Stephanie Hope as Aviation Underwriter and Alex Barker as Manager of Aviation. Timothy Bartos was announced new Vice President Senior Underwriter for the U.S. team, based in New York. Commenting ... Read the full article

Allianz partners with InsurTech firm on aviation insurance solutions

19th July 2017

Subsidiary of global insurer Allianz Group, Allianz Global Corporate & Specialty (AGCS), has partnered with InsurTech firm, Visicover, and will now underwrite the company's aircraft insurance solutions and provide the claims management service. Under the new partnership agreement Visicover, an online award-winning InsurTech firm, will offer both its existing and new ... Read the full article

Aviation Insurance Clauses Group releases model EU contract continuation clause update

23rd June 2017

Launched in 2005 by the International Underwriting Association of London (IUA London) and the Lloyd's Market Association (LMA), the Aviation Insurance Clauses Group (AICG) has released a new model EU contract continuation clause. "The aim of the new clause is to provide additional certainty for clients as the UK leaves the European ... Read the full article

Liberty hires Towler from Willis as future aviation reinsurance lead

12th June 2017

Liberty Specialty Markets (LSM), the London insurance and reinsurance focused division of Liberty Mutual Insurance Group, has hired Hans Towler from broker Willis into its Aviation Reinsurance team, with his role set to take over leadership for the division in future. Towler will be based in Liberty's London office and will ... Read the full article

Marsh names leaders for new aviation consortium

12th June 2017

Insurance and reinsurance brokers Marsh have named senior leaders for its newly launched aviation insurance consortium, the Aircraft Finance Insurance Consortium (AFIC). The consortium, which is backed with capacity from four major re/insurance players, Allianz, AXIS Capital, Sompo International (formerly Endurance), and Fidelis, will offer a “unique non-payment insurance product” ... Read the full article

Marsh sets up new aviation consortium, with Allianz, AXIS, Sompo & Fidelis

1st June 2017

Insurance and reinsurance broking group Marsh has launched a new aviation insurance consortium, which is backed by capacity from four major players, Allianz, AXIS Capital, Sompo International (formerly Endurance), and Fidelis. Marsh said that the Aircraft Finance Insurance Consortium (AFIC) features a "unique non-payment insurance product" which has been specially created ... Read the full article

Allianz AGCS promotes Hansen to lead global aviation

25th May 2017

Allianz Global Corporate & Specialty (AGCS), the corporate focused division of insurance and reinsurance giant Allianz, has promoted Mike Hansen to be its new Global Head of Aviation, effective immediately. Hansen will succeed Henning Haagen who has managed AGCS’s aviation business for five years. Haagen was appointed Northeast Zone Executive for ... Read the full article

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.