ARTICLE · 27 FEBRUARY 1996
Aviation Insurance Specialist Is Twenty One Years Old This Year
GuernseyAntitrust/Competition Law
One of the world's largest airline insurance policies is handled by Guernsey-based Polygon Insurance Company Limited, which celebrates its coming of age this year.
The policy includes hull and liability insurance for the combined fleets of its five shareholder airlines KLM, SAS, Swissair, Austrian Airlines and Finnair. Polygon also underwrites other general risks for its shareholders and those of their related companies. In addition it handles a substantial amount of third party aviation insurance and reinsurance business including that of Aurigny Air Services, the provider of inter-Channel Islands scheduled air services.
Formed in 1975 primarily as a pure captive for KLM, SAS and Swissair, Polygon later became a predominantly third party underwriter. Polygon's original shareholders were joined in 1992 by Austrian Airlines and Finnair. Polygon was started with a staff of six and today employs a highly specialised team of fifty people including top aviation underwriters and its
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