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Brit launches Lloyd's general aviation consortium
March 24, 2016
Brit, the global specialty insurer, has launched a Lloyd’s consortium for commercial general aviation.
Now quoting business, the consortium is being led by Brit with capacity also being provided by Kiln, Hiscox, Apollo and Pritchard, and is the only Lloyd’s consortium set up purely for commercial general aviation. The consortium is unique in the aviation space in being able to offer a 100 percent placement solution in Lloyd’s.
In response to market demands for increasing efficiency, the facility allows brokers to fully bind through just one underwriter, with Brit as the lead member.