Tokio Marine Kiln (TMK), the leading provider of specialist and corporate insurance, has launched its first General Aviation Consortium on the Lloyd’s Asia platform.
The consortium will provide all brokers and buyers in the Asia Pacific region with a single point of purchase for general aviation insurance through TMK Singapore, with Lloyd’s Asia syndicates providing the capacity and able to write lines with combined limits up to USD$15 million hull and $200 million liability on any single risk.
The consortium will write all turbine-engine general aviation aircraft, both fixed wing and rotor wing aircraft. Piston-engine general aviation aircraft are excluded, TMK said in a statement.
Insureds will benefit from direct access to a single, expert aviation market with all capacity coming from A+ rated Lloyd’s syndicates based on the Lloyd’s Asia platform. Supporting members of the consortium are Argo, Antares and Allied World. The consortium will be managed by Singapore based TMK aviation underwriter, Graham Oddie.
Commenting on the launch, James Walker, head of aviation, TMK, said:
“As the aviation industry in Asia continues to grow, we have been keen to support this by offering the right insurance products. TMK and Lloyd’s already have a strong reputation in the industry because of our A+ rated capacity and expertise at underwriting aviation risks. This new consortium is excellent for clients and brokers as they can now get all their aviation insurance needs from Lloyd’s Asia with only a single point of entry to the market.”
Source: Tokio Marine Kiln
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