Chubb acquires Australian aviation insurer

The insurer hopes to broaden its reach in the aviation industry.

Chubb has announced its plan to acquire Catalyst Aviation Insurance, a Melbourne-based firm specialising in general aviation insurance in Australia. 

"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,” Simon Abbott, Head of Aviation, Chubb Global Markets, said in a join statement.

This acquisition aims to enhance Chubb's presence in the Australian aviation market, improve local market access for brokers and clients, and expand the reach of Chubb Global Markets, including its Lloyd's platform.

“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." Peter Kelaher, Chubb Country President, Australia and New Zealand, also stated.