Convex-backed aviation-focused MGA Skyrisks has unveiled its new corporate brand, Advanced Technology Assurance (ATA).

The buyers’ market in airline insurance is expected to continue into 2025 despite the impact of the Jeju Air and Azerbaijan Airlines crashes in late December, according to Gallagher Specialty’s Nigel Weyman.

Price Forbes has bolstered its aviation team with the hire of Aon veteran Paul Mitchell as a director.

Core Specialty has signed a purchase agreement to acquire London Aviation Underwriters in a stock-and-cash transaction.

Settlements related to Russia-Ukraine aviation lessor claims may reduce the overall loss quantum to $6bn to $8bn, but this would still remain the largest aviation/aviation war loss in the market’s history, according to Howden.

No exposure is expected on American Airlines' Starr Insurance-led airline all-risk cover after the airline was briefly forced to ground all planes across the US on Christmas Eve, The Insurer understands.

Axa XL is the lead reinsurer on the airline all-risks cover for the Jeju Air plane that crashed at Muan International Airport over the weekend, The Insurer understands.

As we wrap up 2024, The Insurer TV has provided a comprehensive look at the evolving (re)insurance landscape.

Redline Underwriting has secured capacity support from Allianz Commercial’s UK arm to begin underwriting general aviation coverage for small and medium-sized insureds based in the Latin America and Caribbean regions.

Aircraft lessor Dubai Aerospace Enterprise (DAE) has revealed that it has received cash proceeds totalling approximately $201mn over the past three months from settlements with selected insurance companies over aircraft previously on lease to airline carriers in Russia.

Hive Underwriters Ltd, a Lloyd’s coverholder and MGA that specialises in the aviation industry, has appointed former longtime Allianz executive Henning Haagen as chief development officer and a member of its executive board.

Aviation-focused Itasca MGA – part of the Fidelis Partnership’s Pine Walk platform – has structured an innovative aircraft non-payment credit insurance policy.

Bruce Carman, CUO at Hive and aviation war expert, estimates the Russia-Ukraine lessor claims could result in a $5-6bn loss for the aviation market, a striking figure that underscores the magnitude of the ongoing legal battle across multiple jurisdictions over stranded Western aircraft in Russia.

Howden Re has bolstered its aviation and space unit with the hires of Aon’s Paul Nicholson and Lockton Re’s Dominic Riley, The Insurer can reveal.

Relation Insurance Services has acquired the assets of Concord, California-based Business Aviation Insurance Services (BAIS).