Liberty Mutual Insurance Europe Limited (LMIE), part of the global specialty unit of Liberty Mutual Insurance Group, is forming a new consortium named Liberty Mutual Aviation Consortium to underwrite aviation insurance.
The new consortium, which will begin its operations from 1 July 2013, will write aviation insurance on behalf of itself, Ace Global Markets and Hiscox.
Liberty Mutual Aviation Consortium will access combined capacity to underwrite a specialised portfolio of non-major airline and general aviation business.
Represented by LMIE’s head of aviation William Halligan, the consortium will not prevent members from writing any existing or new business, in addition to their participation in the consortium.
"We are delighted that Ace Global Markets and Hiscox have joined us to provide capacity to the consortium, recognising our leadership in this specialist aviation sector.
"This highlights to our brokers and clients the unique service that LMIE is able to offer and will provide a single point to access the consortium’s capacity," Halligan added.