IUA Circular
069/23
IUA in association with ISCM
present: Navigating Aviation Modelling
with guest speakers:
John Bayley, Regional Director, Europe, McLarens Aviation; Suki Basi, Managing Director, Russell Group; Ed Louth, Head of Airline Broking, WTW Aviation and Space and Dele Fajimolu, Senior Executive, Technical Underwriting
This market Briefing will be: HYBRID
Event Date: Monday 09 October 2023
Time: 3pm/15:00 hrs for approx 90mins (UK/London time)
(In-Person registration from 2.30pm with tea/coffee with post-event drinks reception)
Venue: Aldgate/Bishopsgate Room, Cavendish Conference Centre, 1 America Square, 17 Crosswall, London EC3N 2LB.
Subject: Our guest speakers will highlight areas of risk to the aviation market and how modelling can alleviate concerns
Contact: Deborah Finch, IUA Events Manager (020 7617 4451)
This is a free event, but names and email addresses of all attendees are required for registration. Please
click here to register.
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Please note that any recording of this session will be available post-event on the
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Today’s challenge is that aviation and its’ systems are largescale and complex which renders modelling aviation probabilities imperative for assessing the effectiveness of aeronautical safety.
Increasing interest over the past two decades in aviation modelling has been driven by the aspiration to understand fundamental causes and their influences in risk.
Our guest speakers and moderator will discuss international
aviation risk issues, highlight
war risk for
exposure, and indeed, exposure itself including a demonstration on how exposure accumulation is looked at. Looking ahead, our speakers will address
future challenges thus preparing the market for tomorrow’s world.
Our Speakers:
John Bayley is the McLarens Aviation Regional Director for Europe. He has handled a large number of regular and complex aviation claims and major incidents and accidents, in various geographical regions.
Prior to McLarens Aviation he worked in senior positions with a number of airlines in the UK, Europe and Australia. After ten years in aircraft engineering John was awarded a Scholarship to study in France with Safran, the French aircraft engine manufacturer working on the CFM56 program and is now fluent in French. As an experienced aircraft engineer he then obtained his private pilot license to compliment his knowledge.
He subsequently managed a period of product support with several airline customers on behalf Safran prior to combining airframes and engines again with a role at McLarens Aviation.
He joined in 1998 and progressed to head up the UK based Claims Team 2012 and is now McLarens Regional Director for the European region including offices in London, Frankfurt, Paris, Madrid and until recently, Moscow.
Suki Basi is the managing director and founder of Russell Group. Formed in 1994. Russell Group is a data and analytics company that delivers creative and imaginative solutions for corporates and (re)insurers, so they can successfully leverage their capital and ensure future viability. Suki has a wealth of project experience in a variety of insurance and reinsurance lines namely, the long-tail (asbestos, health hazard and pollution) reserving, aviation, space, offshore energy, marine hull and financial institutions and casualty.
Ed Louth began his career working in the Aviation Insurance market in 2000 as part of the Willis Towers Watson graduate programme. With 15 years of broking experience working on international clients and mainly focussed on the airline sector, Ed also gained 5 years of Underwriting experience at Antares Syndicate 1274 at Lloyds starting in 2015.
Here, he was an Underwriter and subsequently promoted to Head of Class for Aviation in 2017. Whilst working for Antares he was elected to the LMA in 2019 and rejoined WTW in June 2020 where he is now Head of Broking.
Dele Fajimolu joined the LMA in October 2022 as Senior Executive, Technical Underwriting where he focusses on the energy portfolio.
Dele joined LMA from Allied World Europe (2004 - 2022), where he was Vice President - Claims working across Property & Energy, Construction, Aviation & Marine.
DISCLAIMER: The market briefing presentation materials and speaker comments therein were prepared solely by the presenter(s) in their personal and professional capacity. Any materials or opinions expressed do not necessarily represent the views of the IUA and IUA does not bear any responsibility for, or liability to, any parties in respect of the accuracy, legality or overall content of the presentation or any other comments made by speakers or other attendees during the market briefing.
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