Aerospace
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Upon closing, the unit will be renamed First Product Protection. -
Further rate increases are anticipated through 2026.
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Gallagher’s $13.45bn deal for AssuredPartners was completed in August.
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Price has become a key differentiator in marine and energy.
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Insurance Insider reflects on major loss events of 2025 for the London market.
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From 2026, the facility will also offer longer maximum construction periods.
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Clive Strickland previously worked at Gallagher, where he had been a partner since 2020.
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The carrier is understood to have had a significant line size on the slip.
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The consortium goes live from 1 January 2026.
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Plus, the latest people moves and all the top news of the week.
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All-risks premium increases are now understood to be in the 15% to 20% range.
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The aviation specialist is eyeing up diversifying into new classes such as marine.
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Nobody likes flying in turbulence, and in recent years aviation insurers have faced their fair share of upheaval.
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Despite 2025 losses, carriers have not secured desired rate increases.
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Rob Sage joined Aon in 2022 as an executive director.
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Oliver Dlugosch spent 20 years at Swiss Re before it exited aviation this year.
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Tim Wakeman joined Marsh in 2021 and previously worked at Elseco.
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After outsized losses, the (re)insurer still sees opportunity in a softening market.
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Plus, the latest people moves and all the top news of the week.
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Ed Louth will join Liberty next year after serving out his contractual duties at Willis.
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The Marsh-placed account renews its all-risks cover on 16 November.
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Plus, the latest people moves and all the top news of the week.
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The Boeing cargo aircraft was wet leased by Emirates.
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David Bell has held aviation roles at Marsh, AIG, Gallagher Re and Aon.
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Insurer results and 1.1 reinsurance renewals will shape the trajectory of 2026.
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The aviation market has experienced a run of large losses this year.
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Several airlines are understood to have come to market early.
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After losing in the High Court, insurers pin their hopes on the Court of Appeal.
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A decision in relation to who bears which legal costs will be reached at a later date.
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Chris Eaton and Bill Moret gave their notice last week without specifying their destination.
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From aviation claims to retention challenges, underlying dynamics will take time to play out.
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Mark Connellan is the latest addition to Bassel Matta’s team.
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The pair were offered contracts by Willis Re in July.
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Rönesans covers lines including aviation, energy, engineering and liability.
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Patton Kline succeeds Glod as US aviation and space practice leader.
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The broker said 2026 will bring a “cautious but deliberate” aviation reinsurance environment.
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Plus, the latest people moves and all the top news of the week.
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Besides Russia-Ukraine losses, the Air India crash losses totaled $26mn.
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Matthew Budd has over 30 years’ claims experience and previously worked for Talbot and XL.
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Net adverse development for the quarter increased 30% year on year to $89.2mn.
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The airline has exercised a break clause to renew its cover six months earlier.
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In trying to solve multiple needs, specialty reinsurance opens up complexities.
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The syndicate now predicts a return on capacity for 2021 of between -5% and 5%.
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Robert James is set to join the Bassel Matta-led team.
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The Lloyd’s carrier is expected to try to claim multiple times under the policy.
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Plus, the latest people moves and all the top news of the week.
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Duc Tu and Lucy Howard have resigned from Atrium.
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AIG leads the all-risks cover and Axa XL is the hull war lead.
