aviation insurance News

Indonesian Divers Recover Sriwijaya Air’s Flight Recorder

Indonesian Navy divers retrieved one of the black boxes of the Sriwijaya Air Boeing Co. jet that plunged into the Java Sea shortly after takeoff from Jakarta on Saturday afternoon, a key step in discovering what caused the aircraft carrying …

Sriwijaya Air Crash Puts Indonesia’s Poor Air Safety Record Under Fresh Scrutiny

SYDNEY/JAKARTA – Indonesia’s poor air safety record is again in the spotlight after a Sriwijaya Air jet carrying 62 people crashed into the Java Sea minutes after take-off on Saturday, marking the country’s third major airline crash in just over …

Global Aviation Deaths Rose in 2020, Although Number of Crashes Fell

The number of people killed in large commercial airplane crashes rose in 2020 to 299 worldwide, even as the number of crashes fell by more than 50%, a Dutch consulting firm said on Friday. Aviation consulting firm To70 said in …

AXA XL Names Marsh’s Barker to Lead Aviation Insurance Business in Canada

AXA XL has appointed Alex Barker to lead its aviation insurance business in Canada. Barker will report to Eric Donofrio, chief underwriting officer, Aerospace, Americas, and to Renato Rodrigues, country manager, Canada. Barker joins AXA XL from Marsh and MacLennan …

Guy Carpenter’s Riley to Join Lockton Re Aviation Practice in London

Global reinsurance broker Lockton Re announced that Dominic Riley will be joining Lockton Re in London to lead the Aviation & Aerospace practice early next year. Riley was most recently part of the Aviation team at Guy Carpenter having joined …

Aviation Sector Carries Biggest Risk of Corporate Default from Pandemic: Gallagher

The aviation sector carries the biggest risk of corporate default as a result of the coronavirus pandemic, according to a survey of insurers published by broker Gallagher on Tuesday. Only 29% of credit and political risk insurers had seen claims …

Aviation Broker Piiq Risk Partners Receives License to Operate in France

Piiq Risk Partners, the global aerospace re/insurance broker, announces that it has received regulatory approval to operate in France. Piiq’s French operation will act as a base for expanding its services across the French and European markets. It reinforces Piiq’s …

RKH Specialty Appoints 14 New Aviation Experts in London and Colombia

RKH Specialty, the London-headquartered wholesale insurance and reinsurance broker, announced the appointment of 14 new senior Aviation experts in London and Colombia, as part of RKH’s wider plan of building the largest independent logistics team incorporating its resources across aviation, …

Grounded Airplanes at Risk from Asia’s Tropical Storm Season, Industry Experts Warn

Airlines, airports and insurers across Asia are bracing for the prospect of unusually high damage as the region’s tropical storm season begins, as hundreds of aircraft grounded by the coronavirus pandemic can’t be moved easily. Major airports in storm-vulnerable regions …

EC3 Brokers Launches Casualty and Cyber Specialty Division

EC3 Brokers announced the launch of its specialty division, with the appointment of Jonathon Lane as head of the division. Lane is joined by Dominic Toogood and Gary Moore. All three joined on May 1 and initially will report to …