Irish Insurtech Blink Parametric and MAWDY, the global insurance, reinsurance and services company and part of the MAPFRE Group, continue their global rollout of real-time travel assistance InsurTech by reaching out to the network of ceding insurers reinsured by MAWDY across the Sub-Saharan region.
Howden has appointed Ms Dorygel Calimlim as divisional director, head of aviation for APAC. In her new role, she will head Howden's newly launched regional aviation hub in Singapore.
The National Insurance Commission (NAICOM) has said that the country's insurance sector has the capacity and professional competence to provide coverage to the aviation sector.
Aon has appointed Mr Ollie Barcock as leader of aviation reinsurance for Global ReSpecialty. In his new role, he will support the delivery of capital, customised data and analytics and consultancy services to the firm's aviation reinsurance clients.
The continual growth of the aviation sector will see premiums hit a 20-year high in 2024 of more than $8bn, according to Mr Tom Fadden, global head of Aviation at Allianz Commercial.
According to Charles Taylor managing director, Asia Pacific - aviation Bob Battoo, loss adjusters in Asia will need to "closely monitor" a number of factors in the aviation industry, as well as the interplay between them, in order to identify emerging risks and assess potential impacts.
The Shanghai International Reinsurance Trading Centre has signed several pacts to build a unified, open, efficient, and modern reinsurance trading market.
Chubb has entered into a definitive agreement to acquire Catalyst Aviation Insurance, a Melbourne-based managing general agent that specialises in general aviation insurance for the Australia market.
Wotton + Kearney has appointed Mr James Cooper as special counsel of its newly launched aviation practice. In his new role, he will expand the Wotton + Kearney's existing marine and transport practice, which spans shipping, road, rail, logistics, mining and trading commodities. He joins from Clyde & Co.
A major change in the insurance market in Lebanon is that war risks are no longer covered by new insurance policies, since the outbreak on 7 October of war between Hamas and Israel, according to Mr Assaad Mirza, the president of the Association of Insurance Companies in Lebanon (ACAL).