Aviation underwriting consortium forms at Lloyd's of London
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Brit Ltd. on Wednesday said it is leading a consortium at Lloyd’s of London to underwrite commercial general aviation business.
The consortium will underwrite hull risks of up to $10 million and liabilities of up to $150 million and cover a wide range of specialty risks including firefighting helicopters and regional aircraft carriers, Brit said in a statement.
The consortium will cover 100% placement in Lloyd’s.
Capacity for the consortium is provided by Apollo Syndicate Management Ltd., Hiscox Ltd., Tokio Marine Kiln Group Ltd. and MSF Pritchard Syndicate, according to the statement.
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