XL Catlin has launched specialty aviation insurance in Mexico. The new product suite will initially focus on general aviation hull and liability risks.
Pablo Crain, Country Manager, XL Catlin, Mexico said: "As a leading market for specialty insurance we are relentlessly focused on strengthening our capabilities and product offering. XL Catlin today is one of the leading aviation insurers in the world. We have a team of experts with a wealth of experience in the US, Canada and in Latin America who are ready to work hand in hand to support the needs of our clients and partners."
XL Catlin has underwritten aviation insurance for many years and is a leading underwriter of general aviation risks worldwide. With an established presence in Latin America and aviation teams in Brazil, the United States and Canada, expanding in Mexico is the next step to help general aviation customers manage risk and keep moving forward.
Juan Pablo Caso, Client Distribution Leader for XL Catlin, Mexico added: "With consistent increases in passenger traffic and aging fleets, Mexico's general aviation sector is poised for growth. This is a great opportunity for a seasoned aviation underwriter like XL Catlin to enter the market. The major manufacturers of business aircraft all have production and service centers in Mexico. Another sign pointing to ongoing demand is the planned 2018 expansion by the country's leading business aviation companies and their fleet of fractional-ownership jets."