Following a strategic review of their portfolio and local market conditions, AIG Australia have announced their decision to close the local arm of their Aviation business in Australia and New Zealand. Business for the region will continue to be underwritten and serviced via their specialist teams based in Singapore and London. This announcement does not effect business placed directly with AIG in the London market.
Further details are outlined in the following announcement made by AIG yesterday.
Aerosure will continue to keep all of our clients informed of developments accordingly however should you have any immediate queries please do not hesitate to contact us.
London regulatory Investigation (FCA) into airline insurance broking activities in London (all major airline insurance brokers are involved).
We have received advice from Willis Towers Watson London, regarding the above.
“We wanted to inform you that the UK financial regulator, the Financial Conduct Authority (“FCA” ), has opened a formal investigation into possible agreements/concerted practices in the Airline insurance broking sector. They are cooperating with the FCA and have reassured us that this review does not affect your current insurance programme or the programmes that Willis Towers Watson has arranged for you on our behalf in the past.”
Due to strict confidentiality issues with the FCA, Willis Towers Watson are not in a position to comment further at this stage, but as soon as they can share additional information.
Aerosure will continue to be kept updated as this matters moves forward and we will continue to keep all of our clients informed accordingly.
36th Annual ALAANZ Conference – May 3-5 2017 Auckland New Zealand
Aerosure are very proud to provide continued support as Platinum Sponsor of the ALAANZ Annual Conference 2017.
We are pleased to announce that registrations are now open for the 36th Annual ALAANZ Conference, taking place in Auckland New Zealand from May 3- 5 at the Hilton Hotel.
This year’s conference again has a strong program supported by a broad mix of international and domestic speakers. There will also be partners of major law firms, barristers, insurers, international university professors and executives from Government agencies joining in to debate some of the current aviation legal issues.
For more information including conference registration please access the ALAANZ website on www.alaanz.org and click on the ‘registration link’ on home page or ‘conference/events’ link of the website under ‘Annual Conference’ and follow the instructions for online registration and program details.
Early bird rates are only available for a short time. Please ensure you register early at to take advantage of them.
We look forward to seeing you in Auckland!