Insurance

December 13, 2012 - 2:00am

The Middle East Business Aviation Association (MEBAA) general assembly elected two new board members yesterday and held an insurance workshop for its MEBAA aviation insurance scheme (MAIS).

Wajdi Al Idrissi, managing director of Saudia Private Aviation (SPA), and Richard Gaona, president and CEO of Comlux Management, will join other industry leaders to promote business aviation in the region and beyond as members of MEBAA’s board.

December 10, 2012 - 11:23am

American International Group has agreed to sell up to a 90-percent stake in International Lease Finance Corporation (ILFC) to a group of Chinese investors led by Weng Xianding, the chairman of New China Trust Company, AIG announced today.

October 16, 2012 - 3:28pm

Aviation insurer Chartis has added crisis response coverage to aviation policies for corporate customers, including airports and charter management companies. The new product provides customers access to immediate funds for crisis management costs resulting from a catastrophic event. With the coverage, policyholders can receive up to $250,000 of additional policy limits for costs associated with hiring a crisis management firm to help manage reputation risk, as well as for other crisis-related expenses, such as temporary living, travel, counseling, medical and funeral costs.

July 24, 2012 - 1:02pm

In response to “the current state of the U.S. economy,” Signature Flight Support is levying a new “infrastructure fee” on its customers. The non-waivable per-visit surcharge is–according to a company spokesman–“to assist in recovering expenses for upgrades to facilities, security, insurance increases and other fees charged to Signature to maintain standards for service, safety and security for our customers, crews, passengers and aircraft.” The fee is waived for Signature-based customers departing their home facility and for charity flights.

May 31, 2012 - 3:23pm

Aerospace insurance provider Global Aerospace has been selected as the aviation insurance claims manager and advisor for the FAA. Under the agreement, Global Aerospace will provide insurance expertise, assist in claims settlements and advise the FAA on commercial aviation insurance matters with respect to war-risk coverage provided by the agency under authorization from Congress.

May 13, 2012 - 7:30am

More than 100 business aircraft, with a nominal overall value of more than $1 billion, are currently covered under the FinServe European Business Aviation Placement (F-EBAP) “privileged” insurance program sold by independent broker FinServe Aviation Insurance (Stand 383), which is celebrating its 25th anniversary.

March 29, 2012 - 1:18pm

Aviation insurer Starr Aviation now has an iPhone app that provides easily accessible information to aviation insurance brokers, Starr policyholders and potential policyholders. Functions include locating and contacting the various Starr offices, finding a local aviation insurance agent and consulting an accident checklist. Additionally, Starr Aviation allows both policyholders and their broker to access their aviation policies directly from mobile devices. Policyholders can also report an accident and file a claim within the application.

November 17, 2011 - 3:31pm

The Middle East Business Aviation Association (MEBAA) launched an aviation insurance group discount program for members on Tuesday at the Dubai Air Show.

November 14, 2011 - 6:17am

The Middle East Business Aviation Association (MEBAA) and Gates & Partners, the London-based international law firm, will hold a free one-day seminar at the Dubai Air Show on Wednesday, November 16.

 
X