Chubb, a global property and casualty insurance provider, has agreed to acquire Catalyst Aviation Insurance for an undisclosed sum.
Based in Melbourne, Australia, Catalyst Aviation is a manging general agent (MGA) specialising in general aviation insurance.
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This move strengthens Chubb’s foothold in the Australian aviation insurance market, providing enhanced access for local brokers and clients.
It will complement Chubb Global Markets’ offerings, as well as its London market wholesale and specialty operations.
As per the definitive agreement, Brendan Warner, the current managing director of Catalyst Aviation, will continue to steer the underwriting for the aviation business in Australia, ensuring continuity for clients and partners.
Chubb country president of Australia and New Zealand Peter Kelaher said: “Catalyst Aviation has built a strong reputation in the general aviation market in Australia, and I am pleased to be welcoming the team to Chubb. This acquisition further strengthens our position as an insurer of choice for brokers and clients in the local market, expanding our capabilities and expertise in the aviation sector.”
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By GlobalDataChubb Global Markets head of aviation Simon Abbott said: “Catalyst Aviation’s underwriting approach and emphasis on sustainable results closely align with Chubb’s culture and business. Catalyst Aviation also complements our existing aviation operations, from Chubb Global Markets in London to the aviation hub we established in Singapore in 2023.
“Backed by Chubb’s brand, distribution capabilities and financial strength, the Catalyst team is well positioned to expand our risk capacity and risk appetite in the Australia and New Zealand markets.”
The deal, which is due to close by the end of June, is subject to regulatory approvals and customary closing conditions.
This announcement follows Chubb’s recent definitive agreement to acquire Healthy Paws, a US-based pet insurance MGA.
Healthy Paws, which has been underwritten exclusively by Chubb since 2013, serves more than 500,000 pets in the US.
