CNA announced July 31 that it entered into an agreement to sell Associated Aviation Underwriters Inc. (AAU) to the British Aviation Insurance Group (BÌìÃÀÍøÕ¾´«Ã½´«Ã½). AAU is jointly owned by CNA and The Chubb Corp. The agreement will take effect in September, subject to regulatory approval. BÌìÃÀÍøÕ¾´«Ã½´«Ã½ is an international player in the aviation and aerospace insurance industry. The acquisition of AAU, by providing access to the important U.S. market, will round out the company’s global capabilities. BÌìÃÀÍøÕ¾´«Ã½´«Ã½ operates a pool in which CNA will participate, thus providing a continuous market for CNA’s aviation and aerospace customers.
Topics Aviation
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