Aviation insurance has emerged as a critical pressure point as a consequence of the Middle East conflict. To minimise risk, Singapore-based aviation insurers and reinsurers would need to carefully manage exposure to hull war, passenger liability and third-party risks, according to Mr Tristan Thompson, Aviation Partner at Kennedys, a global litigation and dispute resolution firm.
The attacks on Iran by the US and Israel, followed by retaliatory strikes by Iran on several countries allied to the US, including the UAE and Saudi Arabia, will have a profound impact on the insurance market at large. India is also likely to be significantly impacted.
Cambodia's insurance regulator, the Insurance Regulator of Cambodia (IRC), has called for greater enforcement and public awareness of compulsory insurance.
Lockton has appointed Mr Isaac Benjamin Fuente as Head of Aviation, Regional Transportation - Asia.
Independent brokerage CGRE has launched its aviation (re)insurance practice in Africa.
CGRE has announced that its new aviation (re)insurance practice will be headed by Mr Matt Gould as Head of Aviation.
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has appointed Mr Ed Louth as Head of Aviation. In his new role, Mr Louth will have overall responsibility for underwriting strategy and performance.
The Director General of the Nigeria Civil Aviation Authority (NCAA), Captain Chris Najomo, has urged aviation insurers to enhance compliance, resilience, and alignment with global best practices to safeguard Nigeria's skies.
The Fidelis Partnership (TFP) has appointed Mr Oliver Dlugosch as Group Head of Aviation. In his new role, he will be responsible for driving the continued growth of TFP's leading specialty offering across aviation and space. He joins in December.