XL Catlin has expanded its aviation insurance offerings to Mexico and is to initially focus on general aviation hull and liability risks.
Having established a presence in Latin America, Brazil, the U.S. and Canada, XL considers this expansion as the next step in aiding general aviation clients manage risk in the region.
Commenting on the announcement, Pablo Crain, Country Manager at 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.”
The new offering will concentrate on underwriting jets, some turbo-propelled aircraft and helicopters, with a maximum age of 28 years and will offer broad coverage locally in standard policies along with complementary endorsements through global and national insurance brokers.
Client Distribution Leader for XL Catlin, Mexico, Juan Pablo Caso, added, “With consistent increases in passenger traffic and aging 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 centers 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.”