BUSIN renewed the largest in the history of the Ukrainian insurance market Aircraft Third Party, Passenger, Passenger Baggage and Cargo Legal Liability Treaty with the increased limits of coverage equal to 750 million US Dollars (including War and Allied Risks). Aircraft Hull All Risks Treaty is also renewed for 3 million US Dollars. World leaders of the International reinsurance Market and Lloyd's syndicates are involved in Treaties.
The obligatory program covers retrocession risks. This guarantees effective consideration of our reinsurance partners' proposals and reliable reinsurance coverage.

Official opening of the Gulfstream Line Maintenance Station was held at Kyiv International Airport Boryspil on Thursday, 08 September 2011. This project is a joint initiative Airlines "Aero-Charter" and Altenrhein Aviation (Switzerland). At the official opening ceremony were representatives of companies and project partners - Gulfstream Corporation, AvconJet, BUSIN Insurance company and so on.
CEO of Altenrhein Aviation Friedrich Gothsche solemnly thanked the team of BUSIN Insurance company for their work to develop and implement a comprehensive program of insurance coverage for the Gulfstream aircraft Line Maintenance Station and expressed hope for mutually beneficial cooperation. In turn, the Executive Director of BUSIN Insurance company Irina Morozova said that the company is proud of our participation in such international project and always tries to justify the trust of Clients, providing insurance services on the high level of international standards.

Recognizing professional and scientific achievements, as well as personal leadership, Head of Supervisory Board Mrs. Nepochatova Larisa (PhD) officially accepted into the ranks of the International Aviation Womens Association (IAWA). The decision was taken recently by the Board of Directors of IAWA.
International Aviation Women's Association is an international organization, which since 1988 brings together the most successful and famous women in the aviation industry. Organization has united representatives of state bodies, top management of airlines, airports, insurance and legal companies, financial institutions and media from around the world.
The main Mission is to support and develop women in the industry. To this end, the organization continually provides educational grants to women who are trained at Universities of Civil Aviation, holds international conferences, monitors working conditions of women and provides them with informational support.
The sponsors of the Association are the Boeing Company, AON Corporation, Emirates, United Airlines, Willis, Airline Weekly and other leading organizations and companies of aviation industry.

THE SECOND WILLIS RUSSIA/CIS AVIATION INSURANCE CONFERENCE was held by Willis insurance broker in five-star Premier Palace Hotel (Kyiv) on May24-26, 2011. The representative Forum brought together nearly 150 participants from different countries - Great Britain, Germany, Ukraine and Russia. In particular, the event was attended by representatives from such companies as Willis, CATLIN, ATRIUM, Chaucer, Chartis Insurance UK, Global Aerospace, Allianz, Munich Re, Inter Hannover, AIRCLAIMS, Beaumont & Son.
The conference participants discussed the current issues, problems and prospects of the aviation insurance market of Ukraine and the CIS. Different Reports were made by the top managers of insurers, brokers, air carriers, industry experts, lawyers and leading aviation underwriters. Head of the Board of Directors of BUSIN insurance company Nepochatova Larisa (PhD) made the English-language Report "Review of Ukrainian Insurance Market and Aviation Insurance Aspects".
Participants of THE SECOND WILLIS RUSSIA/CIS AVIATION INSURANCE CONFERENCE highly appreciated the level of organization and expressed confidence that such forums promote the international integration of the Ukrainian insurance market.
The Event was sponsored by Clyde & Co, ATRIUM, CATLIN, Allianz, GATES and PARTNERS, AIRCLAIMS, BUSIN Insurance company.

BUSIN ranked 12 place in the Group leaders of the (Pi)-stability rating of Ukrainian insurance companies annually held by RA Expert Rating. 51 insurers participated in rating which totally collected more than 7 billion UAH premiums in year 2010. The majority of insurers that formed Group leaders are companies with foreign capital.
Ranking Results were published in the official publication of the State Commission for Regulation of Financial Services Markets of Ukraine "Ukraine Business Review» (No. 17 dtd 26.04.2011).
Electronic version of the (Pi)-stability rating (in Ukrainian): www.expert-rating.com

2011 Archive