Global Aerospace Partners with Zurich Canada to Provide Unmanned Aircraft Systems (UAS) Insurance Package

Parsippany, New Jersey, April 1, 2015 (Newswire.com) - Global Aerospace, a leading provider of aerospace insurance, has entered into a partnership with Zurich Canada to provide UAS underwriting expertise and risk management support to Zurich’s customers in Canada.

Zurich Canada, a leading property and casualty insurer, will launch a new drone insurance package to their customers which will enable them to close an important coverage gap for companies already making use of unmanned aerial vehicles in their operations. Roll out for this program will be in Canada, with intentions to expand globally as the partnership develops.

Through this partnership, Zurich will be well positioned to offer UAS coverage to a large number of industry sectors that have identified applications for drones including agriculture, energy and communications. Global Aerospace has been actively insuring unmanned aircraft risks and will provide guidance in the areas of underwriting, risk management and safety assurance. Zurich’s customers will now have access to a simple risk transfer solution along with access to Global Aerospace’s SM4 safety training tools and information for drone operators.

Nick Brown, Group Chief Executive, Global Aerospace Underwriting Managers Limited stated, “We are proud to be partnering with Zurich to help them provide high quality UAS products to their customers. With the rapid growth of UAS applications around the world, this partnership has the potential to expand rapidly.”

“Zurich’s customers in Canada will be the first ones around the world to have access to this unique insurance solution, thanks to the sophisticated regulatory environment governing the use of drones in Canada,” said Urs Uhlmann, CEO of Zurich Global Corporate Canada, and leader for Zurich’s drones program in Canada. “We see great potential for drones to reduce risk for workers by taking over dangerous tasks, among many other applications. Zurich’s drone insurance package will allow our customers to seize that potential.”

About Global Aerospace
Global Aerospace is a leading provider of aerospace insurance with a worldwide portfolio of clients who are engaged in every aspect of the aviation and space industries.  Headquartered in London, we have offices in Canada, Cologne, Paris, Zurich and throughout the United States. Across the world we employ over 350 people. With experience dating back to the 1920s, the company’s underwriting is backed by a pool of high quality insurance companies representing some of the most respected names in the business. For additional information on Global Aerospace, please visit www.global-aero.com. To learn more about the company’s SM4 safety program, please visit sm4.global-aero.com.

About Zurich
Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With more than 55,000 employees, it provides a wide range of general insurance and life insurance products and services. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, including multinational corporations, in more than 170 countries. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com.

Zurich Insurance Company Ltd is licensed as a Canadian branch (Zurich Canada). In Canada, Zurich is focused on developing solutions for medium and large corporations, Canadian-based multinationals, and customers in the technology, transportation, public sector, real estate, construction, manufacturing and management industries. For more information about the products and services it offers and people Zurich employs around the world, go to www.zurichcanada.com.

# # #