INSURANCE INSIGHTS FOR THE GLOBAL AEROSPACE SECTOR

PLANE TALKING


As a world leading risk adviser, our global Aerospace practice has a proven reputation for innovation, client-focused service and performance. Our experience in this sector is unrivalled, with a comprehensive worldwide presence and a wealth of experience in working with multinational clients, designing, building and managing their global risk and insurance programmes.

Key Contacts

04/25 SPACE

Takeaways from Satellite 2025

The 2025 Satellite Conference discussed industry shifts, emerging tech, and new partnerships. Key themes: multi-orbit solutions, SSA, and evolving satellite manufacturing.

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04/25 AVIATION

Frequency and Severity An Insurer's Nightmare

Aviation insurance faces uncertainty in 2025 amid rising losses and premium pressures. Explore market trends, risk mitigation, and the path to stability.

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04/25 AVIATION

Transformation in Aviation Threat Intelligence - The Evolving Partnership between Osprey Flight Solutions & Gallagher Specialty

Gallagher Specialty and Osprey Flight Solutions extend their partnership, driving innovation in aviation risk intelligence and security.

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04/25 AVIATION

General Aviation Insurance Market Update Q1 2025

Following a series of high-profile airline and GA losses at the end of 2024 and through Q1 2025, questions are being asked regarding aviation pricing adequacy.

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04/25 MANUFACTURING & INFRASTRUCTURE

Aerospace Manufacturers and Infrastructure Insurance Update Q1 2025

With a recent major player's exit adding market uncertainty, ongoing loss disputes and rising claims, underwriters may reassess their positions.

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04/25 SPACE

Space Insurance Market Update Q1 2025

Underwriters are regaining confidence in 2025, but capacity shifts, new tech risks and satellite delays shape the Space Insurance landscape.

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04/25 AVIATION

Airline Insurance Update Q1 2025

Q1 Airline Insurance renewals showed continued price softening, but the outlook remains cautious, with Lloyd’s warning about pricing adequacy.

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01/25 AVIATION

The Challenges of Escalating Claims Costs

Highlighting discussions from the recent ‘Let's Fly’ conferences in Hong Kong and Singapore, including rising claim costs due to inflation, supply chain issues, and advancements in technology.

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01/25 AIRLINES

Airline Insurance Q&A

In Plane Talking's feature Q&A, Nigel Weyman looks back on 2024 and discusses the latest trends, challenges and market conditions in the airline insurance market.

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01/25 GENERAL AVIATION

General Aviation Market Update Q4 2024

As we enter 2025, the General Aviation insurance market remains strong, with insurers continuing to prioritise GA as a growth area.

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01/25 SPACE

Space Market Update Q4 2024

The outlook for 2025 appears optimistic despite a turbulent 2023-2024, which saw significant losses and a more cautious approach from underwriters.

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01/25 AVIATION

Next Generation Transport

From battery fire hazards to cybersecurity threats and regulatory challenges, AAM companies face a broad spectrum of risks that must be carefully managed.

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01/25 AVIATION

Cybersecurity in Aviation

The aviation sector faces unique cybersecurity challenges that differentiate it from other industries. Over the past three years, our specialist team has conducted in-depth assessments across more than 30 airlines, aircraft lessors, satellite companies and other aerospace organisations, providing us with comprehensive insights into the state of cybersecurity across the industry.

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01/25 MANUFACTURING & INFRASTRUCTURE

Aerospace Manufacturers & Infrastructure Market Update Q4 2024

Strong capacity and competition among insurers persist, but the nuances of renewal outcomes, shaped by claims history, liability limits, and risk profiles demand expert navigation.

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01/25 AVIATION

Reinsurance Market Update

Gallagher Re highlights a mixed outlook for the reinsurance market ahead of the renewal period, with surplus capacity creating opportunities for buyers but recent aviation losses and the unresolved Russia/lessor dispute maintaining caution.

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12/24 SAFETY & OPERATIONAL RISK

Bumpy Rides

Explore how climate change is intensifying air turbulence, its impact on aviation safety, and the measures airlines and meteorologists are taking to adapt.

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12/24 SAFETY & OPERATIONAL RISK

A New Era of Managing Aviation Risk

As daily flights are projected to reach 200,000 by the 2030s, managing aviation risk has become more complex than ever.

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12/24 SAFETY & OPERATIONAL RISK

Steady Improvement

The steady reduction in deaths associated with passenger flights has continued for decades, even at the height of the COVID-19 outbreak, a report says.

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12/24 SAFETY & OPERATIONAL RISK

Safety Performance in Insurance Placement

When it comes to aviation insurance, underwriters don’t just look at financials - they closely examine an airline’s operational risk management and safety performance.

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12/24 SAFETY & OPERATIONAL RISK

Effective Flight Crew Coordination

Aviation emergencies challenge even the most experienced crews. Evidence-based training empowers pilots to anticipate risks, adapt to novel situations, and make critical decisions under pressure.

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10/24 AVIATION

Uncertainty Takes Flight

Paul Trueman reflects on the pandemic's impact on Aerospace insurance and navigating current uncertainties in a volatile global market.

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10/24 MANUFACTURING & INFRASTRUCUTRE

Aerospace Manufacturers & Infrastructure Market Update Q3 2024

The Aerospace Manufacturing and Infrastructure insurance market faces continued overcapacity and competition, with uncertainties around 2025 conditions.

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10/24 AVIATION

General Aviation Insurance Market Update Q3 2024

The General Aviation insurance market softens in 2024 as broker competition drives rate cuts. What factors could reverse this in 2025?

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10/24 SPACE

Space Tourism Takes Flight

The Space tourism industry is growing rapidly with opportunities and challenges, driving demand for tailored insurance solutions.

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10/24 AIRLINES

Airline Insurance Market Update Q3 2024

Aviation insurance rates soften despite rising losses and inflation as Q4 renewals loom; capacity remains strong.

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08/24 AVIATION

Farnborough International Airshow 2024

Farnborough International Airshow 2024 saw 74,000 visitors, £81.5B in deals, and a focus on sustainability and innovation, with Airbus leading in aircraft orders.

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07/24 SPACE

Space Insurance Q&A with Beazley

We talk to Denis Bensoussan, Head of Space at Beazley, about navigating the turbulent Space Insurance market amid rising premiums and strategic shifts.

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07/24 GENERAL AVIATION

General Aviation Insurance Market Update Q2 2024

Rates in the General Aviation sector softened in Q2 2024 due to increased capacity, despite significant loss activity.

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07/24 MANUFACTURING & INFRASTRUCUTRE

Aerospace Manufacturers & Infrastructure Market Update Q2 2024

The Infrastructure Insurance market is stable amid overcapacity and income targets, keeping premiums flat with single-digit increases expected in 2024.

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07/24 AVIATION

Q&A with Chubb Global Markets

In this Q&A, Simon Abbott, Head of Aviation at Chubb Global Markets, answers questions from Gallagher about the aviation industry and insurance market.

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07/24 AVIATION

Carbon Credit Contribution

Carbon credits are vital for limiting global warming, but the unregulated voluntary market poses complex risks for companies striving to decarbonise.

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07/24 AIRLINES

Airline Insurance Market Update Q2 2024

A mid-year analysis reveals that overcapacity is driving rate softening, creating a competitive pricing environment beneficial to airline insurance buyers.

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07/24 AVIATION

New Engine Technology - The Challenges Continue

Explore insights into managing new engine challenges with McLarens Aviation's David Hitchen. Learn how lessons can improve future aerospace risk management.

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07/24 AVIATION

Tax Liability Risk and the Aerospace Industry

Richard Skelton discusses tax liability risks in Aerospace M&A transactions and how Tax Insurance can mitigate these risks.

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07/24 MANUFACTURING & INFRASTRUCTURE

Aerospace Manufacturing Sector: Tackling the Skills Gap

Much like other high-tech sectors, aerospace manufacturing is facing a talent crisis as older, experienced workers retire and the demand for skills continues to grow. How can the skills gap best be tackled?

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06/24 SPACE

When the Stars are the Limit: Insuring a Future Space Economy

Discover the challenges and opportunities of the emerging space economy in this insightful exploration of space mining and colonisation risks.

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05/24 SAFETY & OPERATIONAL RISK

The Importance of Safety Leadership in Safety Culture

Explore the evolution of aviation from 'Jurassic planes' to advanced fly-by-wire aircraft, witnessing significant changes in safety management and culture.

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05/24 SAFETY & OPERATIONAL RISK

LASC Overview

The LASC is a safety training facility administered by Pontificia Universidad Javeriana through the Hub Aeronautico, which is one of the oldest, most traditional and prestigious Colombian universities. The Hub Aeronautico offers an Aviation Safety Certificate (ASC) programme that supports the aviation industry to enhance operational safety, risk and compliance through educating aviation personnel in safety management principles.

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05/24 SAFETY & OPERATIONAL RISK

Flight Data Monitoring

Discover how Flight Data Monitoring enhances aviation safety and operations oversight. Learn about FDM's role, regulations, and applications.

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05/24 SAFETY & OPERATIONAL RISK

Collaborating to Advance Aviation Safety

In a significant step towards enhancing aviation safety, Gallagher Specialty’s Aerospace team recently hosted a workshop in collaboration with the Flight Safety Foundation (FSF), lead airline underwriters, and major airlines. The workshop aimed to boost collaboration and discuss ways to advance safety within the aviation industry.

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05/24 SAFETY & OPERATIONAL RISK

SMS Interfaces - Enhancing Safety Management

Explore how SMS interfaces enhance aviation safety management, boosting collaboration, analytics, and AI integration for proactive risk mitigation.

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05/24 SAFETY & OPERATIONAL RISK

Crisis Communications

In the fast-paced realm of aviation, where innovation and development are constant, the importance of crisis communication cannot be overstated.

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04/24 SPACE

Invisible Threat, Tangible Costs: Preparing for Solar Flares

The peak of Solar Cycle 25 looms large on the celestial calendar, not for its auspicious alignment of planets or dazzling meteor showers, but for a far more potent, albeit invisible, phenomenon between 2024 and 2025.

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04/24 SPACE

Space Market Update Q1 2024

As we look forward further into 2024, despite large losses testing the resolve of insurers and capital providers, the capacity within the space insurance market remains ample to cover most risks and underlying appetite.

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04/24 GENERAL AVIATION

General Aviation Market Update Q1 2024

The activity in the General Aviation sector in Q1 would indicate that insurers’ appetites have shifted, with significant resource being dedicated to focus on General Aviation business.

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04/24 AVIATION

Blake Emergency Services navigates emergency incidents

Climate change is fuelling extreme weather, impacting aviation and increasing operational challenges. Rising temperatures exacerbate turbulence, with significant implications for safety and costs.

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04/24 MANUFACTURING & INFRASTRUCTURE

Aerospace Manufacturers and Infrastructure Market Update Q1 2024

Aviation manufacturers grapple with 'known unknowns' such as lessor issues and reinsurance market uncertainties, possibly leading to significant Q1 losses.

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04/24 AVIATION

The Extreme Weather Challenge: How Can Insurance Support Industry Innovation?

Climate change is fuelling extreme weather, impacting aviation and increasing operational challenges. Rising temperatures exacerbate turbulence, with significant implications for safety and costs.

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04/24 AVIATION

Lead Lines: Q&A with Global Aerospace

Rachel Barrie, Group Chief Executive at Global Aerospace, answers a series of questions, posed by the Gallagher Specialty Aerospace team, covering a range of topics involving both the aviation industry and the insurance market.

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04/24 AVIATION

Osprey Flight Solutions introduces cutting-edge risk management platform for aviation operators

Osprey Flight Solutions, strategic partners of Gallagher Specialty, are now poised to revolutionise the way aviation operators approach risk management with the launch of their innovative platform.

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04/24 AIRLINES

Airlines Insurance Market Update Q1 2024

2023 presented another familiar period for both airlines and the insurance market, with renewals set against a volatile backdrop of uncertainty. With the conclusion of the first quarter, uncertainty persists and challenges remain, but for now, market conditions are relatively stable.

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01/24 MANUFACTURING & INFRASTRUCTURE

Aerospace Manufacturers & Infrastructure Insurance Market Update

The aviation insurance market has seen challenges since 2022, but conditions improved in 2023. Efforts to raise premiums faced hurdles due to high capacity and competition.

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01/24 SPACE

Space Insurance Market Update

2023 started off as predicted, with rates trending downwards and capacity remaining sufficient to drive competition for the majority of risks. However, this outlook changed dramatically in the second half of 2023, when claims of around USD826m were presented to insurers.

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01/24 AVIATION

General Aviation Insurance Market Update

In this article, we explore some of the factors currently affecting the rating trends across the General Aviation sector and look to what this could mean for buyers and the market, globally as we enter 2024.

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01/24 AIRLINES

Airline Insurance Q&A

2023 proved to be another unsettled year for aviation and airline insurance buyers. As the year concludes, market challenges and uncertainty over potential losses linger, question is, how will these trends develop in 2024?

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01/24 AVIATION

Lead Lines: In Conversation with Convex

In this feature Q&A, Mike Hansen, Head of Aerospace at Convex, discusses innovation of the aviation insurance product and the latest trends and challenges in the insurance marketplace.

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12/23 SAFETY & OPERATIONAL RISK

A Gallagher Quest: Resilient & Effective Safety Management Systems

We explore the critical role of Safety Management Systems in enhancing airline safety. Despite a decade of low accidents, fatalities persist, prompting a closer look at industry-wide SMS effectiveness.

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12/23 GENERAL AVIATION

European Rotors Show 2023

The latest annual European Rotors show took place in Madrid, Spain in late November 2023. The Gallagher Specialty Aerospace team were delighted to welcome a number of clients and other businesses to our stand, as well as taking the opportunity to catch up on the news and views from many organisations across the rotor wing sector.

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12/23 SAFETY & OPERATIONAL RISK

Back to Basics

In this instalment of our On-Going Safety Series, we delve into Safety Management Systems, a fundamental aspect of aviation safety. Rooted in ICAO standards, we explore the four key components of the ICAO SMS Framework.

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12/23 SAFETY & OPERATIONAL RISK

LOSA for Helicopter Operations

Simon Stewart delves into the critical role of LOSA in enhancing safety within offshore helicopter operations whilst Recognising the unique challenges of rotary wing environments.

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12/23 SAFETY & OPERATIONAL RISK

Why do we care about resilience?

The relationship between safety performance, organisational risk and insurance premiums is self-evident. What is often less obvious to operators is why an insurer would care about resilience.

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12/23 SAFETY & OPERATIONAL RISK

Artificial Intelligence and Aviaiton

From defining AI's core principles to its evolution in the aviation sector, Eduardo Dueri and Sandra Lonsbury unfold the ways AI, with its complex algorithms, is enhancing decision-making processes for large carriers.

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11/23 AIRLINES

Dubai Air Show 2023

115,000 people attended the Dubai Airshow in November 2023. Despite geopolitical headwinds, rising fuel costs, enduring inflation and supply chain disruption, the mood was buoyant and signalled aerospace’s return to growth.

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09/23 AVIATION

Advanced Air Mobility

New technologies are advancing the aviation landscape, with leading advanced air mobility (AAM) companies pressing on toward a common goal: entry into service.

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09/23 AVIATION

Automatic Termination of AV52 Cover

The article discusses Automatic Termination in aviation insurance policies, which involves the termination of specific war liability coverages under certain circumstances, such as nuclear detonation or war between major powers.

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09/23 AVIATION

Key Reinsurance Considerations for Q4 2023

Aviation reinsurance and retrocession markets continue to face a number of challenges, as we look ahead to the final quarter of 2023.

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07/23 AVIATION

Paris Air Show 2023

After missing its 2021 slot due to COVID-19, the 54th Paris Air Show (PAS) welcomed over 300,000 visitors to Le Bourget after a four-year hiatus

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07/23 AVIATION

Invoking Change Whilst Preserving Our Greatest Assets

Technology in today's world is forever advancing, none more so than in the Artificial Intelligence arena. How we adapt to this as insurers and whether this will afford us a better working practice is yet to be seen.

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07/23 AVIATION

Out of Sight, Out of Mind

Recent cyber attacks may be yet another wakeup call for the Aviation industry, not just in terms of the overarching threat posed to an organisation’s cyber defences, but more pointedly from the threat now posed from the sectors’ increasingly complex and interdependent technological supply chain.

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05/23 SAFETY & OPERATIONAL RISK

On The Lookout

"Pursuing safety and effectiveness in aviation is an endless quest, which allows for no time to rest over accomplishments."

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05/23 SAFETY & OPERATIONAL RISK

Chasing the Compliance Dream

John Blair discusses the benefits of new technology over the traditional, quarterly paper reports that informed the Committee about past events.

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05/23 SAFETY & OPERATIONAL RISK

The Importance of Safety Culture

Speaking with colleagues from various regions around the world, it is clear that individual organisations need to be increasingly mindful of the state of the safety culture within their operation.

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05/23 SAFETY & OPERATIONAL RISK

What the future holds for IOSA

The IATA Operational Safety Audit (IOSA), IATA’s flagship safety audit program, is turning 20 years old this year. IOSA was initiated in 2003 and has become the global benchmark for operational safety audits.

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04/23 AVIATION

The third aviation revolution

Martin Jackson Class Leader Aviation, Apollo Syndicate Management Limited outlines his thoughts on the ‘Third Aviation Revolution’.

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04/23 AVIATION

Aviation reinsurance challenges

André Liebkopf, Head of Property and Aviation, Reinsurance, International. AXA XL discusses the challenges facing the aviation reinsurance market.

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04/23 AIRLINES

The Rise of Airline Start-Ups

Global air travel is expected to return to pre-pandemic levels by 2024, and start-ups will expand substantially over the next two decades.

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01/23 AIRLINES

Airline Insurance Q&A

In this feature Q&A, Nigel Weyman, Aerospace Global Executive at Gallagher Aerospace, looks back on 2022 and discusses the latest trends and market conditions in the airline insurance market.

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01/23 AIRLINES

Inflation is driving costs up for the airline industry

This article by Tom Fadden, Global Head of Aviation at Allianz Global Corporate & Specialty (AGCS), explores the impacts that rising inflation is having on the global airline industry.

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11/22 MANUFACTURING & INFRASTRUCTURE

How is technology disrupting MROs?

Emerging technologies are unleashing a wave of change across the aerospace industry – and MROs have not been left unscathed.

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11/22 MANUFACTURING & INFRASTRUCTURE

Aviation & Space lead the way in US infrastructure

The US depends on its aviation industry more than most. It is a sector changing quickly, however, with new opportunities offering strong potential for growth, even as post-pandemic headwinds continue to challenge.

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11/22 MANUFACTURING & INFRASTRUCTURE

A shrinking labor force but a growing industry

The MRO sector needs to address its growing talent shortage now, before it begins to significantly impact its ability to service growing global demand for aircraft maintenance.

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10/22 AVIATION

Upwards pricing pressure on Hull War & War Third Party Liability

As we enter the final quarter of 2022, Hull War and War Third Party Liability coverages continue to experience the greatest upwards pricing pressure following the Russia/Ukraine conflict and heightened global volatility.

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10/22 AVIATION

New tools for governance and compliance challenges

Osprey Flight Solutions introduce a new tool to support airlines managing an ongoing operational governance and compliance challenge.

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10/22 AVIATION

Cyber Risk: The Ransomware Epidemic

Ransomware claims have been the primary force behind the severe market correction experienced around cyber insurance over the past 18 months

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07/22 AVIATION

Reinsurance Dynamics & the Impact on the Direct Market

Our Gallagher Re colleagues explain the potential impact of the conflict on the reinsurance market, how this affects insurers and subsequently how this may influence pricing trends for aviation insurance buyers.

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07/22 AVIATION

Aviation insurance must change

Richard Schönherr, Head of Aviation Direct at Munich Re talks to us about how insurance product design has come under pressure in recent years.

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07/22 AVIATION

Historical MANPADS threat

Matthew Borie, Chief Intelligence Officer, Osprey Flight Solutions takes us through the threats posed by Manportable air-defense systems.

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07/22 AVIATION

Farnborough International Airshow 2022

The Farnborough International Airshow (FIA) made a welcome return in July after a four-year hiatus due to the global pandemic.

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07/22 AVIATION

Aviation D&O Insurance

Steve Bear explains why the D&O insurance market has been an extremely challenging environment for aviation buyers in recent months.

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07/22 AVIATION

The new air travel technologies taking flight

With the UN setting the aviation industry a net zero target by 2050, what have the major airlines got in the pipeline to make good on their promise?

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