XL Catlin offers aviation insurance product in Mexico

XL Catlin has launched a new specialty aviation insurance product in Mexico. The new product suite will initially focus on general aviation hull and liability risks.

XL Catlin said it offers a comprehensive suite of aviation insurance options, including multiple lines within aviation for individual clients. The new offering in Mexico will concentrate on underwriting jets, some turbo-propelled aircraft, and helicopters, with a maximum age of 28 years. The new product offers broad coverage locally in standard policies along with complementary endorsements through global and national insurance brokers.

Juan Pablo Caso, client distribution leader for XL Catlin, Mexico, added: “With consistent increases in passenger traffic and ageing fleets, Mexico’s general aviation sector is poised for growth. This is a great opportunity for a seasoned aviation underwriter like XL Catlin to enter the market. The major manufacturers of business aircraft all have production and service centres in Mexico. Another sign pointing to ongoing demand is the planned 2018 expansion by the country’s leading business aviation companies and their fleet of fractional-ownership jets.”

XL Catlin said it has an established presence in Latin America with aviation teams in Brazil, the US and Canada, adding: “Expanding in Mexico is the next step to help general aviation customers manage risk and keep moving forward.”

Pablo Crain, country manager, XL Catlin, Mexico said: “As a leading market for specialty insurance, we are relentlessly focused on strengthening our capabilities and product offering. XL Catlin today is one of the leading aviation insurers in the world. We have a team of experts with a wealth of experience in the US, Canada and in Latin America who are ready to work hand in hand to support the needs of our clients and partners.”

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