Dark clouds: aviation re/insurance market update – WTW
Underlying factors offer few indications the market will harden in the first half of 2025 and early reinsurance renewals suggest direct insurers are receptive to negotiation as momentum from Q4 shows little signs of abating, according to WTW.
Latest updates
Howden announces Forbes Insurance and Hill Aviation broking acquisitions
Two UK aviation focused broking acquisitions for the re/insurance intermediary, both focused on the UK primary market, with firms in the North of England.
Hiscox, Howden, Swiss Re and Insurance Development Forum launch $9.25m Syrian drought partnership
Re/insurance firms working together on climate risk insurance project to protect vulnerable communities from the impacts of drought in Syria.
Willis, Global Parametrics announce first parametric payout in Vietnam
Backed by the Natural Disaster Fund and in partnership with Bao Minh Insurance Corporation, the parametric product protects coffee growers affected by drought in the Southeast Asian country.
Convex enters Lloyd’s with Syndicate 1984, targets £150m GWP this year
Convex, the reinsurer led by Stephen Catlin and Paul Brand in 2018, expects to start writing business at Lloyd’s from April 2025.
BMS Re appoints Biddell to lead London P&C
Broker bolsters reinsurance leadership team with the appointment of Genna Biddell, who joins from rival Howden Re.
Cyber market reaches $16.6bn – Guy Carpenter report
Pricing for cyber insurance flattened or decreased in 2023, continuing to adjust throughout 2024, according to the reinsurance broker.
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