Airlines who have not already agreed terms with their insurers in preparation for the traditional October 1 renewal date will be hit by dramatic rate rises.
A Lloyd's aviation underwriter warned that new terms would have to be negotiated in the wake of yesterday's disasters.
It is believed Global Aerospace Underwriting Management, based in St Mary Axe, had significant pieces of both American Airlines and United Airlines business.
However, the underwriter said every company within Lloyd's would be affected. “They're all adding up their liability – no one will escape,” the underwriter said.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
