Chubb, a global leader in insurance, has announced its plans to acquire Catalyst Aviation Insurance, a managing general agent based in Melbourne, Australia, specializing in general aviation insurance. The acquisition aims to bolster Chubb’s presence in the Australian aviation market, providing enhanced local market access for brokers and clients, and expanding the reach of Chubb Global Markets, the company’s London Market wholesale and specialty business, including its Lloyd’s platform.
Brendan Warner, the current Managing Director of Catalyst, will continue to lead underwriting for the aviation business in Australia, ensuring continuity for clients and distribution partners. While the financial terms of the transaction were not disclosed, the deal is expected to be finalized around the end of June, subject to regulatory approvals and other closing conditions.
Peter Kelaher, Chubb Country President for Australia and New Zealand, expressed his enthusiasm about the acquisition, highlighting its significance in strengthening Chubb’s position as a preferred insurer in the local market, particularly within the aviation sector.
Simon Abbott, Head of Aviation at Chubb Global Markets, emphasized the alignment between Catalyst Aviation’s underwriting approach and Chubb’s values and business strategy. He noted that Catalyst Aviation’s operations would complement Chubb’s existing aviation ventures, from Chubb Global Markets in London to the aviation hub established in Singapore in 2023. Abbott believes that backed by Chubb’s brand, distribution capabilities, and financial strength, the Catalyst team is well-positioned to expand risk capacity and appetite in the Australia and New Zealand markets.
Chubb, operating in 54 countries and territories, offers a wide range of insurance products and services, including commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance. With its commitment to assessing, assuming, and managing risks with insight and discipline, Chubb aims to provide fair and prompt claims service. The company’s extensive product offerings, broad distribution capabilities, exceptional financial strength, and global presence reinforce its status as a leading insurer. Chubb Limited, the parent company, is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. With executive offices in Zurich, New York, London, Paris, and other locations, Chubb employs approximately 40,000 people worldwide. Additional information about Chubb can be found at www.chubb.com.
