Lloyd's of London aviation consortium launches for Asia-PacificPosted On: May. 9, 2016 12:00 AM CST
Tokio Marine Kiln Group Ltd. on Monday said it has launched a general aviation consortium on Lloyd’s of London’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 Tokio Marine Kiln Singapore, with Lloyd’s Asia syndicates providing the capacity and able to write lines with combined limits up to $15 million hull and $200 million liability on any single risk, TMK said in a statement.
Supporting members of the consortium are Argo Insurance Agency Inc., Antares Underwriting Services Ltd. and Allied World Assurance Co. Holdings A.G. The consortium will be managed by Singapore-based Tokio Marine aviation underwriter Graham Oddie, according to the statement.
“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,” James Walker, Tokio Marine’s head of aviation, said in the statement.