New equipment and technologies, geopolitical issues, arising global opportunities and, increasingly, new potential liabilities are all changing rapidly in the aviation and aerospace industries. Marsh can help you manage today’s risks and anticipate tomorrow’s.
Our global team of aviation and aerospace insurance specialists have been serving the aviation and aerospace industries for decades. We serve as the broker to many of the world’s leading airlines, manufacturers, airports, general aviation operators and governing bodies, and space-related business, providing the depth of experience needed to fully understand your challenges and deliver innovative solutions, tailored to your needs.
Clients large and small choose Marsh, gaining access to our industry-leading intelligence, analytics, risk placement, claims handling, and risk consulting capabilities — and the expertise needed to negotiate competitive pricing and cover for your company’s risk and insurance requirements. The result: to aim to reduce the total cost of risk and free up additional capital to invest strategically.
Marsh has one of the largest general aviation insurance teams in the world. Our team works with more than 750 clients, including many of the world's largest organisations, such as:
- A broad spectrum of helicopter operators, including offshore and police/military.
- Corporate jet and turbo-prop aircraft owners and operators.
- Airline aircraft for private use.
- Aircraft charter and management, including fractional ownership fleets.
- Fixed-base operators (FBOs).
- Unmanned aerial systems.
- Non-owned aircraft exposures.
Our general aviation team uses a wide range of innovative placement techniques, ranging from various forms of multiyear deals and the inclusion of risk management bursaries to our proprietary Marsh Flight placement facility, which offers competitive pricing, cover, and security. This, coupled with our regional aviation colleagues and local market knowledge, can provide peace of mind to our clients.
Marsh has more than 100 airline specialists around the world, working with more than 180 airline clients. Choosing Marsh gives you access to one of the largest overall global trading relationships with aviation insurance underwriters. Our clients include:
- Major carriers.
- Flag carriers.
- Regional carriers.
- Cargo operators.
Marsh’s airline team uses numerous innovative placement techniques, including our quota share arrangement and the Airline Portfolio Placement (APP) Facility, as well as facilities for both hull war risks and war liability risks. In addition, handling complex, local, and multinational risks, in conjunction with our regional service teams, we can typically provide you with more than 150 years of combined aviation insurance experience.
Marsh has more than 50 aerospace specialists who work with hundreds of clients worldwide, including:
- Major and component part manufacturers.
- Airport service providers and refuellers.
- Maintenance, repair, overhaul.
- Air navigation service providers.
- Aviation lease/finance companies/banks.
We are recognised as the clear market leader in the aerospace sector, representing more than a 50% market share of the world’s top 50 aerospace manufacturers in terms of revenue*. Choosing Marsh gives you access to by far the largest overall global trading relationship with aerospace insurance underwriters. Furthermore, our clients benefit from our experience and expertise in dealing with the needs of this specialised industry.
In addition, our London colleagues have developed a suite of exclusive aerospace facilities, including MARS and Galaxy for the majority of aerospace business, the Banks Facility for financial institutions, and the Concessionaires Program for companies working at airports on a temporary basis. These can provide you with broad coverage and highly competitive premiums. These facilities allow us to seek terms via our UK colleagues who have the ability to bind liability limits of up to US$1billion quickly across a broad spectrum of industry exposures.
* Based on annual revenue statistics from Flight International.
As space becomes increasingly commercialised, space risk management has evolved from providing simple launch insurance to a complex discipline encompassing:
- Contract analysis and advice.
- Risk evaluation.
- Alternative risk-transfer solutions.
- Insurance program design and implementation.
- Claim negotiation.
Marsh Space Projects is the leading provider of risk management services to the space industry, including manufacturers, satellite operators, launch-service providers, and transponder users. We offer you all the advantages of Marsh's size and global reach combined with the dedication of a small group focused on this unique specialty. Our specialists are among the most experienced and innovative in the space industry.