ourinsuranceworld.com
  • Business Insurance
    • General Liability Insurance
    • Professional Liability Insurance
    • Small Business Insurance
    • Workers Compensation Insurance
  • Car Insurance
    • RV Insurance
  • Health insurance
    • Dental Insurance
  • Holiday Insurance
  • Home Insurance
    • Condo Insurance
    • Flood Insurance
    • Homeowners Insurance
    • Pet Insurance
    • Renters Insurance
    • Umbrella Insurance
  • Travel Insurance
  • News
No Result
View All Result
  • Business Insurance
    • General Liability Insurance
    • Professional Liability Insurance
    • Small Business Insurance
    • Workers Compensation Insurance
  • Car Insurance
    • RV Insurance
  • Health insurance
    • Dental Insurance
  • Holiday Insurance
  • Home Insurance
    • Condo Insurance
    • Flood Insurance
    • Homeowners Insurance
    • Pet Insurance
    • Renters Insurance
    • Umbrella Insurance
  • Travel Insurance
  • News
No Result
View All Result
ourinsuranceworld.com
No Result
View All Result
ADVERTISEMENT

Chubb Acquires Catalyst Aviation Insurance To Strengthening Australian Presence

Shine by Shine
06/06/2024
in News
insurance7

insurance7

ADVERTISEMENT

Chubb, a leading global insurance company, has announced its intention to acquire Catalyst Aviation Insurance (Catalyst Aviation), a Melbourne-based managing general agent specializing in general aviation insurance. This strategic move is part of Chubb’s expansion plans within the aviation insurance sector, aimed at enhancing accessibility to the Australian aviation market and broadening the reach of Chubb Global Markets’ aviation insurance solutions.

The agreement, expected to be finalized by the end of June 2024 pending regulatory approval and other closing conditions, will see managing director Brendan Warner continuing to lead underwriting for the Australian general aviation insurance business under the Chubb banner. While the financial terms of the deal remain undisclosed, Chubb emphasized its commitment to ensuring continuity for clients and distribution partners throughout the transition.

ADVERTISEMENT

Peter Kelaher, Chubb’s country president for Australia and New Zealand, expressed confidence in the acquisition, highlighting its potential to reinforce the company’s position in the local market and augment its expertise and capabilities within the aviation industry. Kelaher welcomed the Catalyst Aviation team into the Chubb family, underscoring the importance of the acquisition in expanding Chubb’s capabilities and expertise in the aviation sector.

ADVERTISEMENT

Simon Abbott, head of aviation at Chubb Global Markets, echoed Kelaher’s sentiments, emphasizing the alignment between Catalyst Aviation’s underwriting approach and Chubb’s business ethos. Abbott noted that Catalyst Aviation’s emphasis on sustainable results complements Chubb’s culture, further positioning the combined entity to enhance risk capacity and appetite in the Australia and New Zealand markets. He highlighted the synergy between Catalyst Aviation and Chubb’s existing aviation operations, spanning from Chubb Global Markets in London to the aviation hub established in Singapore in 2023.

ADVERTISEMENT

The acquisition comes on the heels of Chubb’s robust financial performance, as revealed in its January 2024 financial report. The company reported record gains for the fourth quarter and full year ended December 31, 2023, with global property & casualty net premiums written increasing by 10.5% and life insurance net premiums written growing by 20.3%. The strong financial results underscore Chubb’s resilience and strategic positioning in navigating the evolving insurance landscape.

In summary, Chubb’s acquisition of Catalyst Aviation marks a significant milestone in its strategic growth trajectory, bolstering its presence in the Australian aviation insurance market and underscoring its commitment to delivering innovative solutions and superior service to clients and partners alike.

[inline_related_posts title=”You Might Be Interested In” title_align=”left” style=”list” number=”6″ align=”none” ids=”2189,2186,2183″ by=”categories” orderby=”rand” order=”DESC” hide_thumb=”no” thumb_right=”no” views=”no” date=”yes” grid_columns=”2″ post_type=”” tax=””]

ADVERTISEMENT
Previous Post

ALDI Australia Ventures into Insurance Sector

Next Post

Which Is The Right Health Insurance For Parents

Shine

Shine

Shine is a dedicated and experienced insurance consultant, committed to helping clients navigate the complexities of insurance with ease and confidence. With a deep understanding of the industry, Shine provides personalized advice and tailored solutions that meet each client's unique needs. Whether you're looking for the best health, life, or property insurance, Shine's expertise and client-focused approach ensure that you get the optimal coverage at the most competitive rates. Trust Shine to safeguard your future with reliable and comprehensive insurance solutions.

Related Posts

OPTIS: Insurance M&A Falls 10%
News

OPTIS: Insurance M&A Falls 10%

26/11/2024
Marsh: US Rates Up 3%
News

Marsh: US Rates Up 3%

26/11/2024
Progressive Ends Fire Insurance
News

Progressive Ends Fire Insurance

26/11/2024
Zurich Insurance Sets New Goals
News

Zurich Insurance Sets New Goals

26/11/2024
4th Circuit: No Crypto Coverage
News

4th Circuit: No Crypto Coverage

26/11/2024
Safeco Buys Main Street
News

Safeco Buys Main Street

26/11/2024
Next Post
insurance3

Which Is The Right Health Insurance For Parents

holiday insurance1

What Does Holiday Insurance Cancellation Cover

renters insurance

How Does Renters Insurance Payout Work

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tags

Accidental Insurance Annual Travel Insurance barclays travel insurance campervan insurance cat insurance Commercial Property Insurance covid holiday insurance Credit Card Travel Insurance dog insurance dual Health Insurance full time rv insurance international health insurance jet2 holiday insurance landlord insurance Liability Car Insurance Malpractice Insurance Medical Travel Insurance military dental insurance natwest travel insurance nursing home insurance Personal Liability Insurance Personal Property Insurance Private Dental Insurance private flood insurance Private Health Insurance Progressive Rv Insurance Property Insurance Public Liability Insurance Rental Car Insurance Rental Property Insurance rv travel insurance ryanair travel insurance secondary dental insurance short term Health Insurance supplemental dental insurance third party liability pet insurance trailer insurance

Recent Posts

How Much Auto Insurance Coverage Should I Have?
Car Insurance

How Much Auto Insurance Coverage Should I Have?

by Steven
20/01/2025

Auto insurance is a vital aspect of vehicle ownership, providing financial protection in the event of accidents, theft, or damage....

What Are The Different Types Of Coverage For Auto Insurance?

What Are The Different Types Of Coverage For Auto Insurance?

20/01/2025
What Are Liability Limits on Auto Insurance

What Are Liability Limits on Auto Insurance

20/01/2025
What Is Liability Premium in Car Insurance

What Is Liability Premium in Car Insurance

20/01/2025
What Type Of Cover Is Best For Car Insurance?

What Type Of Cover Is Best For Car Insurance?

20/01/2025
What Type Of Insurance Coverages Are Available For Your Car?

What Type Of Insurance Coverages Are Available For Your Car?

20/01/2025

Popular articles

Do I Need Workers Compensation for Subcontractors

Do I Need Workers Compensation for Subcontractors

08/01/2025
What to Do When You Can’t Afford Health Insurance

What to Do When You Can’t Afford Health Insurance

31/12/2024
What Is Sedgwick’s Role in the Workers’ Compensation Field?

What Is Sedgwick’s Role in the Workers’ Compensation Field?

26/12/2024
What Is Property Insurance in Home Loan

What Is Property Insurance in Home Loan

15/01/2025
What Are Types of Car Insurance

What Are Types of Car Insurance

16/01/2025
What Does Malpractice Insurance Cover for Nurses

What Does Malpractice Insurance Cover for Nurses

15/01/2025
ourinsuranceworld.com

Welcome to ourinsuranceworld ! We’re committed to offering personalized coverage that secures your future. With a focus on reliability and customer care, we strive to be your trusted partner in navigating life’s uncertainties.

Recent Posts

  • How Much Auto Insurance Coverage Should I Have? 20/01/2025
  • What Are The Different Types Of Coverage For Auto Insurance? 20/01/2025
  • What Are Liability Limits on Auto Insurance 20/01/2025
  • What Is Liability Premium in Car Insurance 20/01/2025
  • What Type Of Cover Is Best For Car Insurance? 20/01/2025

TAGS

Accidental Insurance Annual Travel Insurance barclays travel insurance campervan insurance cat insurance cigna Health Insurance cobra Health Insurance Commercial Property Insurance covid holiday insurance Credit Card Travel Insurance dog insurance dual Health Insurance full time rv insurance international health insurance jet2 holiday insurance

Useful Links

about us

disclaimer

privacy policy

Copyright © 2024 ourinsuranceworld.com

No Result
View All Result
  • Home
  • Business Insurance
  • Car Insurance
  • Home Insurance
  • News

Copyright © 2024 Welcome to ourinsuranceworld ! We’re committed to offering personalized coverage that secures your future. With a focus on reliability and customer care, we strive to be your trusted partner in navigating life’s uncertainties.