Aviation insurance is one of Guernsey's major specialities with one firm alone Polygon Insurance Company Limited - attracting gross premium income of nearly £100m ($170m), net income £60m ($ 100m). This makes the company one of the top 10 aviation insurance underwriters in the world.
Premiums are paid in respect of a wide variety of risks for operators around the world ranging from major international carriers to small privately owned aircraft including helicopter operators.
The origins of Polygon date from 1970 and the introduction of wide-bodied aircraft with their much increased costs of servicing and maintenance. KLM, SAS, Swissair and UTA formed a technical partnership to pool resources to meet these costs. Shortly after, without UTA, the other three expanded their pooled interests to introduce a controversial and first-ever joint aviation hull and liability policy. The group formed Polygon as a captive in 1975 and, after studying other locations world-wide, selected
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