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The National Air Transportation Association said on Thursday that is has an agreement with Allianz Global Corporate & Specialty S.E. to provide an additional workers compensation insurance coverage for NATA members.
NATA is an organization that represents aviation service businesses like charter providers, maintenance and repair organizations, flight training, airline service companies and aircraft management companies.
Allianz will be the underwriter for this broker-driven program. The workers compensation insurance program includes an annual “good experience return” on workers compensation premium based on good safety records, NATA said in a statement.
“Allianz is thrilled to work with NATA in bringing this valuable program to the aviation business community and anticipating a launch date in the second quarter. We strive to reward companies that encourage and enforce operational safety with the savings and support they deserve in their workers compensation insurance program,” Jon Downey, head of aviation U.S., Allianz Global, said in the statement.
(Reuters) — German insurer Allianz S.E. is preparing itself for a “perfect storm” caused by low interest rates, weak economic growth and geopolitical risks, its chief executive said on Friday.