What type of business is it good for?

  • Aircraft operators, lessors and lessees
  • Fixed base operators and service providers
  • Product manufacturers
Eduardo Hussey
Chief Underwriting Officer
Insurance
Miami, FL
eduardo.hussey@axiscapital.comeduardo.hussey@axiscapital.com
Tel +1-305-523-1334Tel +1-305-523-1334

Solution

AXIS Aircraft Contingent Hull, Hull War & Liability Insurance

Insurance
Financial instability, unforeseen accidents, government seizures, war-there are many reasons why a financial institution or an aircraft lessor may seek to protect their asset(s) and any third-party liabilities arising from the use of their aircraft. Our "contingent" policy is triggered in the event of an accident, but only when the operator's policy fails to respond. This product is always "contingent" behind an operators policy. Cover is also extended to include "possessed" exposures. For example, when an aircraft lease expires, the aircraft lessor will become responsible for their aircraft on a "first loss" basis. Financial instability, unforeseen accidents, government seizures, war-there are many reasons why a financial institution or an aircraft lessor may seek to protect their asset(s) and any third-party liabilities arising from the use of their aircraft. Our "contingent" policy is triggered in the event of an accident, but only when the operator's policy fails to respond. This product is always "contingent" behind an operators policy. Cover is also extended to include "possessed" exposures. For example, when an aircraft lease expires, the aircraft lessor will become responsible for their aircraft on a "first loss" basis.

Solution

AXIS Airline & General Aviation "All Risks" Insurance

Insurance
AXIS Airline & General Aviation "All Risks" Insurance provides cover for airlines, airports, fixed based operators and service providers (including caterers, security screeners) against risk of hull damage, third-party property damage and/or bodily injury. In the case of airlines, this product offers hull and spares coverage as well as aircraft liability for claims involving passengers and third-parties, including war liability (AVN52) to a limited degree. AXIS Airline & General Aviation "All Risks" Insurance provides cover for airlines, airports, fixed based operators and service providers (including caterers, security screeners) against risk of hull damage, third-party property damage and/or bodily injury. In the case of airlines, this product offers hull and spares coverage as well as aircraft liability for claims involving passengers and third-parties, including war liability (AVN52) to a limited degree.

Solution

AXIS Aviation Excess War Liability Insurance

Insurance
Acts of war and malicious intent can bring huge exposures to the aviation insurance industry and clients can be left somewhat vulnerable. AXIS Aviation Excess War Liability Insurance provides cover for third-party legal liabilities arising from property damage and/or bodily injury arising from war perils. Typically this is written on a stand-alone basis and sits in excess of the underlying (AVN52) limit included in the "all risks" contract. Acts of war and malicious intent can bring huge exposures to the aviation insurance industry and clients can be left somewhat vulnerable. AXIS Aviation Excess War Liability Insurance provides cover for third-party legal liabilities arising from property damage and/or bodily injury arising from war perils. Typically this is written on a stand-alone basis and sits in excess of the underlying (AVN52) limit included in the "all risks" contract.

Solution

AXIS Aviation Hull War Risks Insurance

Insurance
Similar to acts of war, invasions, hi-jacking and insurrections can severely impact the industry. AXIS Aviation Hull War Risks Insurance covers physical damage to an aircraft (hull) resulting from a war peril. Similar to acts of war, invasions, hi-jacking and insurrections can severely impact the industry. AXIS Aviation Hull War Risks Insurance covers physical damage to an aircraft (hull) resulting from a war peril.

Solution

AXIS Aviation Products Liability Insurance

Insurance
Aerospace manufacturing companies are covered for third-party legal liabilities arising from an accident causing property damage and/or bodily injury to third-parties. AXIS Aerospace Liability Insurance provides the necessary coverage in unexpected circumstances. Aerospace manufacturing companies are covered for third-party legal liabilities arising from an accident causing property damage and/or bodily injury to third-parties. AXIS Aerospace Liability Insurance provides the necessary coverage in unexpected circumstances.

  • Up to 15% of hull war capacity
  • Up to 30% of excess war liability capacity

AXIS AVIATION INSURANCE 1

AXIS AVIATION INSURANCE 2

  • AXIS Hull War Risks Insurance
  • Aerospace and general aviation
  • Aviation war liability
  • Contingent coverage for banks and lessors and finance houses

Documents

AXIS Aviation Insurance Appetite Guide