Insurers are expected to increase war risk premiums for airlines, following recent losses due to conflicts in Israel and Libya, and the MH17 disaster. The insurance settlement of the MH17 in particula...
Industry loss-adjuster Airclaims will operate as McLarens Aviation. The re-naming is a result of Airclaims' 2011 merger with the McLarens group. ...
Air India has issued a RFP to Indian companies to insure its 105-aircraft fleet, which is worth US$9bn. The Finance Ministry has confirmed that there will be no purchase preference support given to pu...
Since no wreckage of Malaysian Airlines Flight MH370 has yet been found, the airline is under legal pressure to prove it was not to blame for an accident. Relatives of the 239 people on board can stil...
British insurer Hiscox has stated that it has recorded a "diverse list of losses" in the first quarter, which includes a small exposure to the Malaysia Airline flightMH370. The predicted claim for the...
Aon Risk Solutions, the risk management business of Aon, Airline Insurance Market Outlook 2014 finds that total global lead hull and liability premium for 2013/14 airline placements was around $1.4 bi...
Insurer Allianz is the lead insurer covering the missing Malaysia Airlines 777. Willis is the broker. Allianz has declined to comment on the extent of its exposure. "We extend our sympathy to all thos...
The insurance industry’s designation for Nigeria’s aviation industry as high risk has caused an outbreak of criticism from airline owners in the country and its Ministry of Aviation since it has cause...
Lao-Viet Insurance Company (LVI) has paid out $4 million to Lao Airlines as compensation for the fatal ATR 72-600 crash into the Mekong on October 16. This is the first payment made with respect to th...
Kapital Strakhovaniye, a part of insurer Rosgosstrakh, has named foreign insurance companies, including Berkshire Hathaway International Insurance, Chartis Europe, Assicurazioni Generali, Mapfre Globa...
Airlines will benefit from lower insurance costs after claims declined for a third year running as reduced accident rates and increased competition among insurers keep premiums down, according to a re...
A small AN-24 aircraft carrying 45 passengers skidded past the landing strip and overturned in the eastern Ukrainian city of Donetsk on Wednesday. Four people were killed, two were injured and the fat...
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