Reinsurance News
Aviation
Aviation insurance and reinsurance falls under the specialty segment of the market. Insuring and reinsuring aviation related risks, this market has been growing with the expansion of air travel and freight around the world.
Read our aviation insurance or reinsurance news and analysis below.
Core Specialty completes London Aviation Underwriters acquisition
20th January 2025
Insurer Core Specialty has announced it has completed the acquisition of London Aviation Underwriters, Inc. (LAU) in an undisclosed transaction. founded in 1980 by Michael E. Charlesworth, LAU handles general aviation risks, airport premises liability, and non-owned aircraft liability throughout the US. This transaction brings the company into Core Specialty's aviation and ... Read the full article
Samsung Fire & Marine lead aviation insurer of Jeju Air crash, AXA XL said to be main reinsurer
30th December 2024
A statement from Jeju Air has revealed that Samsung Fire & Marine Insurance was the lead aviation insurer, while AXA XL served as the primary reinsurance provider for the plane that recently crash-landed at Muan International Airport in South Korea, killing all passengers and most of the crew. Flight 2216 had ... Read the full article
Redline launches new General Aviation insurance in collaboration with Allianz
27th December 2024
Redline Underwriting, a Lloyd’s coverholder specialty underwriting firm, has announced the launch of its General Aviation Insurance solution, developed in collaboration with Allianz Commercial from their UK region. This new offering, designed specifically for the Latin American and Caribbean markets, will provide comprehensive coverage for private, pleasure, and business fixed and ... Read the full article
Howden Re appoints Paul Nicholson and Dominic Riley to its aviation and space team
13th December 2024
Howden Re, the reinsurance arm of Howden, has announced the appointments of Paul Nicholson and Dominic Riley to its Aviation and Space team within the Global Specialty Reinsurance division. These appointments are set to enhance Howden Re’s Global Specialty Reinsurance division, which has seen significant growth since its establishment two and ... Read the full article
Worldlink Specialty launches digital platform for streamlined aviation insurance solutions
4th December 2024
Worldlink Specialty, LLC, a provider of specialised insurance products for the aviation and aerospace industry, has revealed its new digital portal, offering easy access to its exclusive range of aviation insurance solutions. Brokers and their aviation clients can now enjoy a streamlined process for obtaining coverage, quotes, and payment options with ... Read the full article
Itasca MGA backs financing for Elevate Capital Partners in E195-E2 aircraft deal
22nd November 2024
Itasca MGA Limited, an aviation-focused managing general agent formed by Castlelake and Pine Walk Capital, a subsidiary of The Fidelis Partnership, announced its insurance support for Elevate Capital Partners in securing a financing solution for two E195-E2 aircraft. "Itasca is pleased to provide support to Elevate Capital Partners as it takes ... Read the full article
Concirrus introduces Aviation Aggregations module to address underwriters’ challenges
30th October 2024
Aviation underwriters are encountering increased challenges in accurately assessing risk exposure and managing portfolios, prompting a pressing need for real-time data insights and advanced tools, which Concirrus, an insurtech innovator, has addressed with the release of its Aviation Aggregations module. As part of Concirrus’s broader Aviation platform, this new module enables ... Read the full article
HDI partners with Flight Safety Foundation to strengthen pro-active risk management
11th October 2024
To enhance the operational safety of its aviation clients, global insurance provider HDI has established a collaborative partnership with the Flight Safety Foundation's Basic Aviation Risk Standard (BARS) Program. As a BARS Member Organization (BMO) HDI will have access to comprehensive de-identified audit and accident analysis data which will facilitate its ... Read the full article
AXIS Capital names David White as new Head of Aviation
28th August 2024
Global specialty underwriter and re/insurance provider, AXIS Capital Holdings Limited (AXIS), has announced the appointment of David White as Head of Aviation, AXIS Global Markets, effective October 1, 2024. White will be taking over from Terry Wood, who is retiring after 22 years with the company. Mark Gregory, Head of Global Markets ... Read the full article
Skyward Specialty launches Aviation Program
19th August 2024
Property & casualty insurer Skyward Specialty has announced that it is launching an aviation program in partnership with Acceleration Aviation Underwriters. According to the announcement, the partnership between the two firms introduces a program that extends coverage to commercial and general aviation aircraft, fixed based operators, flight schools, public and private ... Read the full article
Aviation premiums to hit 20-year high in 2024: Allianz
14th August 2024
As the aviation industry recovers in 2023 after a challenging period, analysis from Allianz Commercial’s Aviation Risk, Claims and Insurance Outlook suggests that nearly 63% of claims were due to collision or crash incidents. Of the 32,000 industry claims from 2019 to 2024, totalling around $15 billion, Allianz found that approximately ... Read the full article
Oneglobal & Worldlink Specialty launch new US aviation liability insurance solution
30th July 2024
Worldlink Specialty has partnered with Oneglobal Broking to introduce "AeroPRO," a comprehensive professional liability insurance solution tailored for the US aviation and aerospace sector. AeroPRO, supported by Lloyd’s of London markets, offers extensive professional liability coverage, including protection against contractors’ pollution, technology errors and omissions, and privacy breaches. This solution is designed ... Read the full article
London market insurers key to future of advanced air mobility: IUA
19th July 2024
The International Underwriting Association (IUA), representing insurance and reinsurance companies in London, has stated that London Market insurers will be essential in advancing new air mobility technologies in the coming years. The IUA emphasised the importance of a thorough certification process that ensures safety and provides access to data, allowing underwriters ... Read the full article
Charles Taylor announces acquisition of M3 Aviation Services
4th July 2024
Charles Taylor, a provider of international adjustment services and technology solutions for the global insurance market, has announced the acquisition of M3 Aviation Services, effective June 27, 2024. Renowned for its expertise in handling aviation claims across various aircraft types, categories, and market sectors, Charles Taylor serves a wide range of ... Read the full article
Howden welcomes four new hires to its aviation division
2nd July 2024
Howden, a global insurance intermediary group, has appointed four new hires to its aviation division, including former Gallagher Partner Matthew Giddings, and hull war expert Mike Hart. As part of the Howden Aviation team, Hart is going to leverage his extensive knowledge and decades of industry experience to support the continued ... Read the full article
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