Catlin Announces General Aviation Consortium
Catlin Group Limited, the international specialty property/casualty insurer and reinsurer, has announced the formation of the General Aviation Consortium at Lloyd’s Asia to write General Aviation insurance and reinsurance risks based in the Asia-Pacific and Middle East regions.
The Company said, “Established on April 1, the Consortium offers a comprehensive solution for General Aviation risks by providing 100 percent capacity for aircraft with up to 50 seats. The Consortium is led by Catlin Singapore and supported by other participants in the Lloyd’s Asia platform.
“Under Catlin’s leadership, the Consortium will provide a fast and efficient service through dedicated and experienced underwriting and claims teams, alleviating the need to deal with multiple insurers/reinsurers.”
Bobby Heerasing, Chief Underwriting Officer of Catlin’s Asia-Pacific underwriting hub, said, “With the General Aviation Consortium, brokers and cedants can enjoy an enhanced and highly competitive product offering through a convenient single point of contact, combined with the benefit of Lloyd’s ‘A’ rated security.”
The Consortium offers the following capacity:
- Hull / Hull War – $15,000,000 USD
- Spares – $15,000,000 USD
- Liability [including PPH] – $150,000,000 USD
- AVN52E – $150,000,000 USD
- Crew / Passenger Personal Accident – $500,000 USD
The members of the consortium provide the following line sizes:
- Catlin Singapore [Leader] – 45%
- Amlin Singapore – 25%
- Talbot Singapore – 20%
- Argoglobal Underwriting Asia Pacific – 10%
