Aerospace
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After outsized losses, the (re)insurer still sees opportunity in a softening market. -
The Marsh-placed account renews its all-risks cover on 16 November.
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Insurer results and 1.1 reinsurance renewals will shape the trajectory of 2026.
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Patton Kline succeeds Glod as US aviation and space practice leader.
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Besides Russia-Ukraine losses, the Air India crash losses totaled $26mn.
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Net adverse development for the quarter increased 30% year on year to $89.2mn.
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The carrier has scaled up its international insurance offering in recent years.
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The acquisition follows a strategic partnership the two struck last August.
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The two parties seek to delay a judge’s summary judgment order.
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The company has settled, or is in the settlement stage, for 80% of the exposure.
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The suit names former Marsh execs Hanrahan and Andrews as defendants.
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IGI saw opportunities in energy, ports and terminals and marine cargo but remains cautious in long-tail lines.
