EADS, the European consortium that designs and builds the Airbus coimmercial aircraft, has selected Willis Group Holdings as the insurance broker for a new Airbus A320 final assembly line in Tianjin, China – the first of its kind outside of Europe. Airbus has entered into a joint venture with a Chinese Consortium in support of the increased market order from the Chinese airlines.
Willis said its China office has “worked closely with its specialist Aerospace colleagues in Willis London to win the tender for the project which is known as the Airbus (Tianjin) Final Assembly Line Company Ltd. and Airbus (Tianjin) Delivery Centre Ltd.”
Willis will be handling the insurance placement for public liability, automobile liability, employer’s liability, personal accident, along with miscellaneous medical care covers.
Chairman and CEO Joe Plumeri commented: “This great win is a clear example of how we successfully leverage our international specialisms [sic] like Aerospace to deliver global expertise and innovative new solutions to clients locally.”
Mitchell Ma, Chief Executive, Willis Insurance Brokers Co., indicated that the facility was looking forward to participating in “this ground-breaking venture.” He added that Willis local office in Tianjin, one of 20 it has set up in China, would give the Airbus project “unparalleled access to our global resources.”
Source: Willis – www.willis.com