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Stranded aircraft lessor brings $3.5bn lawsuit against AIG

Aercap, the largest global aircraft leasing firm, has sued AIG and other insurers including Lloyd’s business Atrium over planes stranded following the outbreak of conflict between Russia and Ukraine, according to reports from City A.M.

BRP Group promotes Galbraith and Roche as Co-Presidents

BRP Group, Inc., an independent insurance distribution firm, has promoted Dan Galbraith, previously the Chief Operating Officer, and Jim Roche, the Chief Insurance Innovation Officer, to the positions of Co-Presidents, expanding their roles within the company, effective immediately.

US commercial auto insurance losses continue to mount: AM Best

The overall property and casualty (P&C) industry continues to be negatively impacted by the US commercial auto insurance sector, having accumulated over $10 billion in net underwriting losses in the last two years, according to a new AM Best report.