Vietjet signs reinsurance agreement with UK insurance brokers for its entire fleet

Vietjet and world-leading insurance brokers Gallagher (UK) Limited and Willis Towers Watson Limited have signed a reinsurance certificate covering the airline’s entire fleet globally on the sidelines of the 26th United Nations Climate Change Conference of the Parties (COP26) in the UK.
Vietjet signs reinsurance agreement with UK insurance brokers for its entire fleet ảnh 1 

(Left to right) Willis Towers Watson Limited Managing Director in aviation James Coventry; Gallagher Limited UK Senior Partner in aerospace Martin Trumper and Vietjet Managing Director Dinh Viet Phuong exchange the signed reinsurance certificates.(Photo courtesy of Vietjet)

London (VNA) - Vietjet and world-leading insurance brokers Gallagher (UK) Limited and Willis Towers Watson Limited have signed a reinsurance certificate covering the airline’s entire fleet globally on the sidelines of the 26th United Nations Climate Change Conference of the Parties (COP26) in the UK.

The event was witnessed by Vietnam’s Prime Minister Pham Minh Chinh and high-ranking dignitaries of Vietnam and the United Kingdom; Vietjet Managing Director Dinh Viet Phuong; Gallagher Limited UK Senior Partner in aerospace Martin Trumper and Willis Towers Watson Limited Managing Director in aviation James Coventry.

Vietjet’s reinsurance certificate for its fleet has been updated and renewed annually since the airline’s first took-off in late 2011. The newly signed deal is worth 20 million USD, covering Vietjet’s entire fleet of aircraft registered in Vietnam and abroad.

With a comprehensive network in Vietnam and Asia Pacific, Vietjet looks to further expand its wings across continents thanks to its new and modern fleet in the coming time.

Gallagher is a global leader in broking, risk management and consulting services. Established in 1927, it has a global network of 30,000 expert advisors in more than 150 countries. The supporting broker Willis Towers Watson Limited is a leading global advisory, broking and solutions company. With roots dating to 1828, it has 45,000 employees serving more than 140 countries and markets.

Known as a new-age carrier, Vietjet has not only revolutionised the aviation industry in Vietnam but also been a pioneering airline across the region and around the world. With a focus on cost management ability, effective operations, and performance, the carrier offers flying opportunities with cost-saving and flexible fares as well as diversified services to meet customers’ demands.

Vietjet is a fully-fledged member of International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. As Vietnam’s largest private carrier, the airline was awarded the highest ranking for safety with 7 stars in 2018 and 2019 by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in 2018 and 2019. The airline has also been named as Best Low-Cost Carrier by renowned organizations such as Skytrax, CAPA, Airline Ratings, and many others./.
VNA

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