Business insurance specialist QBE Insurance Group has launched an excess of loss product for aviation liabilities in the Middle East.
QBE Dubai branch general manager Khalil Eid said with extensive experience writing aviation business on a global scale, the company has created an excess liability offering designed to sit above an insured’s existing aviation policy.
"It is an exciting time for QBE in Dubai as we continue to extend our product range, cementing our position as a business insurance specialist in the Middle East," Eid added.
The product provides a capacity of up to $250m for airlines and product risks and $200m for general aviation.
It covers general aviation, airlines, ancillary aviation support services and aerospace products.
An international insurer and reinsurer with 17,000 staff worldwide, QBE Insurance Group is listed on the Australian Securities Exchange and its gross written premium was $18.4bn for the year ended on 31 December 2012.