Travelers Aviation, part of The Travelers insurance company, made its debut at the 2007 AIA convention at Indian Wells, Calif. This year in Nashville, Gordon Murray, its president, told AIN that in the past year Travelers has booked premiums in the millions of dollars and continues to look for opportunities. “The marketplace out there is competitive. We look to round out those accounts that are already part of the overall Travelers portfolio which include aviation activities.”
He noted that Travelers has been participating in the aviation underwriting market since 1994 through Lloyds of London and as a pool member of a syndicate for USAIG under both the St. Paul and Travelers names. Murray joined Travelers in September 2006 from AIG Aviation as Travelers was setting up its aviation business unit. The specific rationale for Travelers’ entry into aviation insurance, he explained, was that “Travelers has been involved for a long time as a risk-sharing and syndicate participant. The syndicate has been writing airline and general aviation business all over the world except in the U.S. A logical evolution for Travelers, instead of delegating underwriting authority, was to set up an aviation unit in the U.S. to take advantage of its existing underwriting expertise and experience.”
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