Lancashire is able to deploy significant capacity to some of the world's largest airlines.
FINANCIAL STRENGTHS RATINGS
Lancashire Company's AV52 portfolio is written on a risk attaching excess of loss basis and provides coverage for third-party liability, excluding own passenger liability, resulting from acts of war or hijack of aircraft. Lancashire writes a comprehensive book of this business with worldwide trading patterns and attachment points vary between $50 million and $250 million. Cover excludes countries whose government provide a backstop protection but does include some U.S. commercial airlines.
Lancashire Company writes a Consortium for Aviation Deductible business in conjunction with Syndicate 3010 to support the Group offering in this area.
Other aviation includes Lancashire Company's selective airline hull and liability portfolio and its satellite line of business.
Lancashire Syndicates provide market-leading expertise in Aviation both from a direct and a reinsurance perspective. The complementary combination of coverages, positions the Syndicates offerings attractively in the market for clients and brokers. Syndicate 2010 is a major, established leader in aviation reinsurance. Syndicate 3010 offers dedicated expertise in Aviation War, All Risks and Deductible insurance.
FINANCIAL STRENGTHS RATINGS
Lancashire Syndicate 3010 writes a broad book of Aviation Hull and Liability risks (All Risks) and is recognised in the market for its leadership, especially of rotor wing aircraft. The account is geographically diverse with the emphasis of the airline account currently away from the USA and major airlines.
Aviation Deductible business is a specialist area covering the deductible the airline would normally have for each and every loss under the terms of their airline policy and with small individual limits normally up to $1.0 million. Aviation Deductible business is a vital component of client coverage and Syndicate 3010 added market-leading capability in this space to its suite of product offerings in 2018.
Lancashire Syndicate 2010 specialises in non-proportional aviation reinsurance treaty business and the Syndicate is a major established leader in this field. The largest individual account area written comprises general excess of loss treaties protecting airline and major manufacturer insurers. The Syndicate also writes general aviation treaties (both proportional and non-proportional), aviation hull and liability (proportional and risk excess), hull war, AV52 and satellite business.
Lancashire Syndicate 3010 is a recognised market leader in both airline and general aviation markets for Aviation War, including a number of the world's major flag carriers. Lancashire Syndicate 3010's underwriters have expertise in ensuring terms, conditions and claims handling match the fast-evolving needs of clients. The team use detailed analysis and forecasting of political/terrorist threats globally in order to offer clients an up to date assessment of risks to assets. Syndicate 3010 leads three Lloyd's War Consortia; Airline, Large General Aviation and Small General Aviation.