Aviation
Cathay Century is lead insurer for Taiwanese plane crash
The insurance coverage for yesterday's deadly plane crash on Penghu island is split between eight Taiwanese insurers.
TransAsia plane crashes in Taiwan; 48 dead
A TransAsia Airways aircraft crashed yesterday in stormy weather on the island of Penghu in Taiwan. 48 people are dead and 10 are injured.
Beazley CEO Horton braced for MH17 war claims
Beazley chief executive Andrew Horton has admitted the speciality insurer could face exposure following last week’s Malaysia Airlines flight MH17 disaster.
Atrium agrees to settle MH17 hull war loss
Atrium Syndicate 609 has confirmed it is the lead hull war policy insurer for Malaysia Airlines and has agreed to settle that aspect of the MH17 loss.
Countries responsible for airspace safety, says Eurocontrol
Eurocontrol, a Brussels-based air safety organisation for Europe, said individual countries are responsible for airspace restrictions.
173 Dutch nationals thought dead on stricken Malaysian plane
Out of 283 passengers and 15 crew on board flight MH17, a crashed Malaysia Airlines Boeing 777, 173 were Dutch nationals according to reports.
Malaysia Airlines plane 'shot down' on Ukraine-Russia border
A Malaysia Airlines passenger jet carrying 298 people has crashed on the Ukraine-Russia border, according to Russian news agency Interfax.
Interview: Nigel Minett: Flying high
Nigel Minett’s long career in loss adjusting has seen him deployed in all corners of the globe. Now in the cockpit as McLarens Aviation managing director, he tells Post how his international experience will ensure the firm’s expansion plans really take…
McLarens Aviation swoops for GAB team to run liability product line
McLarens Aviation has appointed a five-strong team from rival loss adjuster GAB Robins to launch an aviation liability product line.
Airclaims eyes global growth after rebranding as McLarens Aviation
Specialist loss adjuster Airclaims has rebranded as McLarens Aviation in a bid to exploit the parent firm’s global footprint as a springboard to international growth.
Families receive MH370 compensation payouts
Families of passengers on missing Malaysia Airlines flight MH370 have begun receiving compensation payouts of $50 000 (£29 454).
Aerospace union appoints HFW partner as legal advisor
The International Union of Aerospace Insurers has appointed Holman Fenwick Willan partner Giles Kavanagh as its new legal advisor.
Lloyd’s could face claims from missing Malaysian plane’s search operation
Flight MH370 loss is higher than initial estimates due to ongoing search
Brit snaps up renewal rights to QBE's aviation business
Brit has reached an agreement to acquire the renewal rights to QBE’s London-based dedicated Lloyd’s aviation business.
Flight MH370 loss could impact war risk rates
If Malaysia Airlines' Flight MH370 is classified as a war loss, it would be one of the largest since the 2001 attacks on the World Trade Centre and would likely lead to rate to rate increases in war policies, according to S&P.
Nelson confirms Lloyd’s insurers have started paying MH370 claims
Lloyd’s chair John Nelson has confirmed market insurers have begun paying out claims relating to the loss of Malaysia Airlines flight MH370.
Lack of flight data from MH370 could impact claims payouts
The disappearance of Malaysia Airlines flight MH370 should deliver a wake up call to insurers on the importance of external data collection, a specialist aviation barrister has said.
Remote Piloted Aircraft: Game of Drones
With remote piloted aircraft systems – or drones – increasingly used commercially, what are the insurance risks involved?
New data indicates Flight MH370 went down in Indian Ocean
New evidence has led officials investigating the disappearance of Malaysia Airlines flight MH370 to conclude that the plane crashed into the Indian ocean leaving no survivors.
Allianz position on missing plane policy clarified as lead reinsurer
Allianz is the lead reinsurer on the hull and liability cover for Malaysia Airlines, rather than the lead insurer as previously reported, according to market sources.
Russia: Aviation and space insurance
The Russian Association of Aviation and Space Insurers hosted its fifth international conference on aviation and space insurance in Russia in Moscow on 27 February.
Allianz confirms missing plane payment
Allianz has confirmed that it has made payments to Malaysia Airlines over missing flight MH370.
Missing Malaysian plane unlikely to affect rates in aviation market
Fate of Malaysia Airlines flight MH370 unknown after disappearing on 8 March.
Allianz agrees to pay missing plane claim
Allianz has agreed to pay the hull and liability claim for Malaysia Airlines flight MH370, despite ongoing uncertainty about the fate of the aircraft along with its passengers and crew, Post understands.