general aviation
report

Simon Smith

Manager of Aviation Accounts - London/Paris

Barents Re commenced underwriting General Aviation on the 1st May 2015 in order to gain a market presence in this specialist class of business. Although this new venture is still in its infancy, the response from brokers who currently have General Aviation portfolios has been positive and supportive. Barents Re have already established trading relationships with 50% of the brokers that we have presented our General Aviation capabilities to, with others confirming their support within the coming months. Barents Re have already underwritten a number of good quality accounts including Insured’s who operate large General Aviation fleets with exceptionally low loss rations.

In order to develop and expand our growth in this line of business, Barents Re will continue to build trading relationships with the broking community and via our regional office network were we already have a established market presence.

All sectors of the Aviation re/insurance market including General Aviation is currently competitive with no immediate sign of the market hardening. In order to archive a profit to shareholders in these current market conditions, Barents Re will continue to monitor pricing and be risk selective when offering our capacity.

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