NASA Warns SpaceX, Boeing on Space Program Safety Concerns

Article 0 Comments NASA has warned SpaceX and Boeing Co. of design and safety concerns for their competing astronaut launch systems, according to industry sources and a new government report, threatening the U.S. bid to revive its human spaceflight program later this year. NASA is paying SpaceX $2.6 billion and […]

Underwriting Platform elseco Agrees to Buy MGA, Selected Renewal Rights from StarStone

Article 0 Comments Specialty underwriting platform elseco has entered into an agreement with global specialty insurer StarStone to acquire its managing general agent, Malakite Underwriting Partners Ltd., and the renewal rights to StarStone’s Zurich-based airlines & products portfolio. Under a new strategic partnership arrangement, StarStone will continue to provide underwriting […]

Allianz Adds Reyes to Aviation Underwriting Team in Colorado

Article 0 Comments Allianz Global Corporate & Specialty has named Hugo Reyes a senior underwriter in General Aviation for North America. Reyes is responsible for the underwriting of complex General Aviation risks and broker development and management. Reyes joins Allianz with nearly two decades of experience. After graduating from Daniel […]

Lion Air Plane’s Cockpit Voice Recorder Recovered in Java Sea

Article 0 Comments Indonesia found the cockpit voice recorder from the Lion Air plane that crashed in October, giving investigators a real chance at solving the mystery of what brought down a modern jet. The CVR of the Boeing Co. 737 Max aircraft was intact when it was recovered in […]

Lion Air Ends Hunt for 2nd Black Box, but Indonesia Plans to Resume Search

Article 0 Comments Lion Air has ended its search for the cockpit voice recorder (CVR) from its Boeing 737 MAX jet that crashed into the Java Sea in October, but Indonesian investigators said they plan to launch their own probe as soon as possible. The crash, the world’s first of […]

Deaths on Passenger Jet Aircraft Rise Across Globe in 2018

Article 0 Comments The fatality rate on passenger jet aircraft worldwide jumped in 2018 after airlines recorded zero accident deaths on passenger jets in the prior year, according to a Dutch consulting firm and an aviation safety group. Dutch aviation consulting firm To70 and the Aviation Safety Network both reported […]

Starr Insurance Cos. Expands Aviation Insurance Operations to Brazil

Article 0 Comments Starr Insurance Cos. announced that Starr International Brasil Seguradora S.A. has been granted a local license to offer aviation insurance. “We are thrilled to be adding aviation capability in an important, growing economy like Brazil,” said Steve Blakey, president and chief executive officer for Starr Insurance Holdings […]

Judge Nixes U.S. Suit Against Malaysia Airlines, Insure Allianz Over Plane Disappearance

Article 0 Comments A U.S. judge has dismissed nationwide litigation over the disappearance of Malaysia Airlines Flight MH370 in which victims’ families sought to hold the carrier, its insurer Allianz SE and Boeing Co. liable for the still-unexplained disaster. U.S. District Judge Ketanji Brown Jackson in Washington ruled on Wednesday […]

Airport Operators Take Action Against Rising Seas, Powerful Storms as Climate Changes

Article 0 Comments Global airport operators, faced with rising sea levels and more powerful storms as the climate changes, are starting to invest in measures including higher runways, seawalls and better drainage systems to future-proof immovable assets. In early September, a seawall at Japan’s Kansai International Airport built on a […]

Allianz Global Corporate Adds Setzer, Johnson to Aviation Underwriting Team

Article 0 Comments Allianz Global Corporate & Specialty (AGCS) has hired Scott Setzer as an executive underwriter for Aviation, and Adam Johnson as an Aviation underwriter. Setzer will be based in Alpharetta, Georgia and Johnson in Denver. They will focus on strengthening relationships with brokers and clients, securing new business […]