NBAA Convention News

Colt offers aviation insurance

 - October 13, 2010, 8:00 AM

Contract fueler and trip support specialist Colt International (Booth No. 6237) has made its initial entry into the aviation insurance business with the launch of Colt Risk Management Services (CRMS). Based on its experience working with more than 4,000 flight departments and operators, the company plans to provide custom coverage solutions for any avi­ation company. The company has named John Springrose, previously with Chartis Insurance, to head the division.<o:p></o:p>

“Risk management is about much more than placing insurance companies” said Malcolm Hawkins, Colt International’s president. “It requires a complete understanding of the challenges unique to aviation.” CRMS is partnering with insurance broker the SilverStone Group to provide coverage for its customers.

In addition, the company will offer a full range of risk management products, including SMS gap analysis and implementation, IS-BAO auditing and registration, general liability, foreign coverage, loss of license and employee benefits.

 “Through Colt Risk Management Services, it’s now easier for aviation companies to obtain the breadth of coverage, exceptional customer support and superior value that will enable them to more effectively safeguard their investments,” said Springrose.