Colt Establishes Risk Management Foothold

Sep 22, 2010 12:13 PM

Colt International, one of aviation’s leading providers of contract fuel and trip support, announced it has officially entered the aviation insurance business with the public introduction of Colt Risk Management Services, LLC (CRMS). The company will leverage Colt’s deep knowledge and relationships within the industry to provide custom solutions for virtually any aviation-related risk.

“Risk management is about much more than just placing insurance policies,” said Colt International President, Malcolm Hawkins. “It requires a complete understanding of the challenges unique to aviation. Since we work closely with more than 4,000 flight departments and more than 3,000 fueling and handling destinations, our people are especially well-positioned to understand what these challenges and opportunities are.”

According to Hawkins, CRMS will partner directly with The SilverStone Group, one of the insurance industry’s most respected companies. Hawkins said that after much searching, SilverStone became the clear choice because it has proven for more than 65 years that no other company is better at matching clients with the most comprehensive and cost-effective coverages available.

Colt Risk Management Services has appointed John Springrose, formerly with Chartis Insurance, to lead its day-to-day operations.

“Clients will find that CRMS provides unparalleled access to underwriters at top-rated insurance carriers, worldwide claims handling capabilities and unmatched industry knowledge and experience,” said Springrose.

Springrose further explained that CRMS coverages would be among the most comprehensive in the industry, covering more than the basic liabilities of hte client's core aviation business.

"It is important to guard against any potential losses that could impact an organization’s long-term viability," he said.

Because of this, a full range of risk management products will be offered, including SMS gap analysis and implementation, IS-BAO auditing and registration, General Liability, Foreign Coverage, Loss of License, Workers’ Comp, Property, Employee Benefits and more.

"Through Colt Risk Management Services, it’s now easier for aviation companies to obtain the breadth of coverages, exceptional customer support and superior value that will empower them to more effectively safeguard their investments,” Springrose said.

For more information, please contact John Springrose at 281.280.2100, email him at johns@coltinternational.com or visit booth #6237 at NBAA 2010.

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