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An owner of a superyacht asked a yacht manager as a favour to recommend a Master for an upcoming charter. The yacht manager hoped to acquire the management of the yacht. No formal contract was in…

Maintaining comprehensive, up to date aircraft records is key to monitoring the aircraft on lease. Accurate records of all maintenance events carried out on the aircraft during the lease tenure allow…

In order to protect their asset, it can sometimes become necessary for an aircraft owner to initiate a recovery plan to get their aircraft back safely into their own custody. Paul Jenkins, Head of…

This edition of The Wire focuses on aircraft lease managers and technical experts.  Professional Indemnity (“PI”) insurance provides cover for aircraft lease managers for claims which are…

Welcome to the latest edition of The Wire focusing on ITIC Europe – ITIC’s new subsidiary based in Limassol, Cyprus. In September 2023, ITIC Europe was launched to extend ITIC's services to European…

Welcome to this edition of ITIC’s The Wire which has been produced exclusively for insurance brokers. It includes a selection of articles including an update on the continuity credit, a link to the…

Welcome to this edition of ITIC’s The Wire which has been produced exclusively for insurance brokers.  Did you know that: Over 80% of ITIC’s annual premium is produced by insurance brokers…

The ITIC board met in March 2023. The board considered whether, in light of the current high inflationary environment, ITIC should - for the first time - make a general increase. The board concluded…

ITIC recently hosted a webinar entitled “coffee and a catch up” for insurance brokers, which was held on Wednesday 31st May 2023.  During this webinar, ITIC’s chief underwriting officer and…

What impact did coming out of COVID-19 have on the professional indemnity market and what is the current market condition? ITIC's Underwriting Director, Robert Sniffen, explores how the professional…