From Biplanes to Drones: Global Celebrates 95 Years as an Aviation Insurance Leader

Posted on February 13, 2019

Five years later in the United States, Chubb & Son and The Continental Corporation—two large insurers—joined forces as Associated Aviation Underwriters (AAU) to underwrite airplane insurance.

The two companies grew and evolved through the years, with BAIG becoming BAIC (British Aviation Insurance Company) before later forming part of a new BAIG when a number of companies combined to form a single pool and the largest provider of aviation insurance in Europe. Throughout all the changes, however, their commitment to exclusively serving the insurance needs of the aerospace industry never wavered.

Global Aerospace was formed in 2001 by the merger of BAIG and AAU. From the world’s tentative first steps into commercial aviation following World War I, to the rapid expansion of civil aviation after World War II, to the new era of unmanned aerial vehicles, we’ve been a trusted partner to aviators every step of the way. And when we reach the century mark, we’ll look ahead to another hundred years as an aviation insurance leader.

Related Posts

Aviation Insurance Claims Costs are Rising. Here’s Why.

Pilots, operators, and other aviation stakeholders have observed that aviation insurance claims costs trend upward. Understandably, many ask why that is the case. While there is certainly a “cost of…

Posted on May 17, 2019

Cybersecurity: Will Organizations Ever be Safe from the Denizens of the Dark Web?

Managing cybersecurity often feels like a never-ending job. Just when an organization feels its infrastructure is secure, a new threat vector emerges and it’s back to the drawing board. The…

Posted on February 13, 2019