Aerospace
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The lessor is recording a write-off for 19 aircraft leased to Russian airlines after it successfully recovered three planes since the start of the outbreak. -
Based in Atlanta, Evancho specializes in fixed and rotor wing commercial operations as well as defense industry risks.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Carl Shephard will serve as aviation senior broker in London and Chris Latta as vice president for the US Southeast region aviation practice.
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Based in São Paulo, Brazil, the executive will oversee the carrier’s aerospace underwriting strategy reporting to Nancy Bewlay, Axa’s global CUO.
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The move follows the departure of QBE’s former aviation head Steve Allen and 10+ of his staff in October.
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The underwriter has spent 20 years in aviation underwriting with Catlin and Beaufort.
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This publication revealed earlier this week that Allen and at least other 11 executives had left QBE to a single competitor.
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The executive had headed the unit since 2016 after joining from AIG’s aerospace business.
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Both NFP and Piiq’s soon-to-be owner Ardonagh are part-owned by Madison Dearborn, which has invested heavily in P&C broking over the past decade.
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With around 50 members of staff across the business, the divestiture is not expected to significantly alter the competitive landscape.
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