CNA announced July 31 that it entered into an agreement to sell Associated Aviation Underwriters Inc. (AAU) to the British Aviation Insurance Group (BAIG). AAU is jointly owned by CNA and The Chubb Corp. The agreement will take effect in September, subject to regulatory approval. BAIG is an international player in the aviation and aerospace insurance industry. The acquisition of AAU, by providing access to the important U.S. market, will round out the company’s global capabilities. BAIG operates a pool in which CNA will participate, thus providing a continuous market for CNA’s aviation and aerospace customers.
Topics Aviation
Was this article valuable?
Here are more articles you may enjoy.
Why El Niño’s Promise of Quieter Hurricane Season May Not Be Good News for Insurers 
Police Am-Bush Catches 74 Drivers Using Cell Phones 
Former Insurance Agent Sentenced to Jail for Fraud, Again 
NHTSA Says Some Older Ford Cars, SUVs Pose Unreasonable Safety Risks From This Issue
