Amlin has underwritten insurance for Air Malta over
the past 20 years and has lead managed the account
for the duration. We insure everything which needs
cover to enable the airline to operate on a daily basis,
namely the aircraft hull, service and repair, property,
third party damage and passenger liability. This
includes leased aircraft and contractor relationships.
Since 1993 Marsh has acted as broker to Air
Malta and selected Amlin to continue to lead
the business. As Brian Moore, Chairman of
the Aviation and Aerospace Practice of
Marsh, explains:
“This decision was made based on our long
working relationship with Amlin’s aviation team,
notably our respect for the underwriter’s ability,
confidence in the quality and speed of after sales
service and Amlin’s financial strength.”
Airline losses tend to involve significant and
high profile claims, not least for loss of life, so
absolute confidence in the insurer’s ability to meet
these obligations is vital. All requests and
information are relayed through the Lloyd’s broker,
making this a three-way partnership.
As a market leader, Amlin takes responsibility for
defining the conditions and a fair price for the
risks insured, which sets the standard for
subsequent participants on the slip. However,
airline insurance is not just about annual renewal,
but about the continuous sharing of information
between underwriter, broker and insured. Amlin is
given comprehensive information on future plans
such as proposed fleet changes, new types of
aircraft, new routes, likely changes in passenger
profiles – all of which will impact the exposures
for which Air Malta will need insurance cover.
As lead insurer, Amlin has the infrastructure to
respond quickly to these changes, the expertise
to price risk fairly and the resource to assist this
client with a range of issues.
Amlin visits Air Malta annually and is encouraged
to meet with senior management ranging from the
Chairman to the engineers and pilots. As Martin
Azzopardi, Head of Fuel and Insurance at Air
Malta plc explains:
“Financial stability, continuity, efficiency and
flexibility in approach rank very high when it
comes to the choice of lead insurer for our aviation
insurance programme. Amlin has over the years
been able to demonstrate its capability in providing
all of these at reasonable cost. This business
relationship is more of a partnership.”
Air Malta is a safe airline without a major loss in
its history. In our view it may become a benchmark
in safety for other airlines globally. Amlin is proud
to remain leader of choice on its insurance.
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