Anchor Insurance expands aviation capacity to $500m

Underwriting firm, Anchor Insurance plc has expanded its aviation capacity to absorb more risks and provide enhanced services from the sector, having secured a partnership pact with Median Risk Solutions.

This is coming at a time when aviation industry stakeholders are calling for capacity to underwrite risk in the sector.

The company recently entered into partnership with the leading aviation insurance/reinsurance company AIG Insurance Group and its subsidiary in Europe together and has secured an Aviation and Liability Line slip for Reinsurance Treaty for the purpose of extending superior aviation services to its clients.

Our company has therefore, extended its capacity to aviation airport and product liability for bodily injury and property damage up to a combined single limit of $500,000,000 and $50,000,00 for any one aircraft/hull, the Company management said.

Adeduro Mayowa, managing director/ CEO while receiving the aviation treaty reaffirmed the company’s commitment of quality and efficient service delivery and promised that with the extended aviation treaty recently put in place, the company is well positioned to render adequate and superior aviation cover to its clients.

Meridian Risk Solutions Limited, a fully accredited independent Lloyd’s Broker, with specialities in Marine, Energy, Non-Marine and Reinsurance. Its strong team has a wealth of expertise backed by a uniquely personal service.

It’s claims team bring a wealth of knowledge and experience to support her clients in their time of need and aims to provide timely, sound and effective settlement advice as soon as possible should the worst happen.

Modestus Anaesoronye