Aerospace
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The carrier has scaled up its international insurance offering in recent years. -
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.
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Space pricing experienced double-digit increases after the 2023 capacity retreat.
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AIG, HDI Global and others have settled. Chubb’s fight continues.
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The pair add to the roster of aviation-focused hires at WTW.
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The hires form part of WTW’s build-out of its US aviation practice.
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A positive outcome could significantly curb insurers’ exposure to the loss.
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Overall market capacity increased by 5.3% year-on-year, the broker reported.
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