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Aviation

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

JLT Re bolsters aviation team with two new hires

10th May 2017

JLT Re, the reinsurance arm of international insurance and reinsurance brokerage JLT Group, has added Graham Barden and Jon Warner as Partners within its aviation team, based in the firm's London office. Barden brings more than 40 years of aviation market experience to the role and has worked in both insurance ... Read the full article

FCA investigation could raise regulatory risk for brokers: Credit Suisse

25th April 2017

After the UK financial conduct authority (FCA) revealed last week that it was investigating a number of UK insurance and reinsurance aviation brokers over the sharing and misuse of competitive and sensitive information, Credit Suisse analysts have warned of increased global regulatory risk. The FCA previously reported that it was ... Read the full article

FCA investigating UK aviation brokers over sharing & misuse of information

21st April 2017

According to industry reports a number of aviation insurance and reinsurance brokers are being investigated by the UK's financial conduct authority (FCA) over the sharing and misuse of sensitive information. Brokers Aon, JLT, Willis Towers Watson, and Marsh are being investigated by the FCA as part of its probe into the ... Read the full article

Willis Towers Watson completes OAAGC takeover

1st March 2017

International and insurance and reinsurance broker, Willis Towers Watson (WTW), has now completed the recently announced acquisition of French aviation broker, OAAGC. The transaction sees WTW acquire the book business and team of brokerage OAAGC, significantly strengthening WTW's position as an aviation broker in France, while enabling customers of OAAGC to ... Read the full article

Willis Towers Watson to acquire French aviation broker OAAGC

20th February 2017

Willis Towers Watson is set to acquire French aviation broker, OAAGC - a move that will see Willis' aviation business expand to top aviation insurance and reinsurance broker in France. The acquisition would transfer the entire OAAGC team and book of business over to Willis, and offer OAAGC clients access to Willis’s ... Read the full article

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