The Air India plane crash in India in June, is likely to have a major impact on global aviation insurance premiums that are expected to rise by up to 30%, reported Bloomberg.
Etiqa Insurance Singapore will extend support to its travel insurance customers who have been impacted by the impending closure of Jetstar Asia airlines.
Insurers have eased the claims settlement process for families of victims of the Air India plane that crashed in the Indian city of Ahmedabad on 12 June.
Etiqa insurance Singapore will provide cover for affected travel insurance customers and has included the claim submission period from 30 to 90 days to help customers better manage their travel disruptions
Kennedys has appointed Ms Anita Quy joint managing partner of Kennedys Legal Solutions. She will also continue to serve as head of aviation, APAC.
The Malaysian general insurance industry's gross written premium (GWP) grew 6.9% y-o-y to MYR23.1bn ($5.3bn) in 2024.
Willis has appointed Mr Anant Pawar as aviation and space leader for India. In his new role, he will deliver innovative aviation insurance broking expertise and solutions to Willis' clients across the country.
These are the highlights for all events and updates across the industry this week.
Marsh Specialty has appointed Mr Andrew George as president. He will also join the Marsh Executive Committee.
Air India has secured a $20bn insurance cover for its expanded fleet following the Vistara merger, maintaining existing premium rates, according to sources.