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.
(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 brokersGallagher (UK) Limited and Willis Towers Watson Limited have signed areinsurance certificate covering the airline’s entire fleet globally on thesidelines 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 andhigh-ranking dignitaries of Vietnam and the United Kingdom; Vietjet ManagingDirector Dinh Viet Phuong; Gallagher Limited UK Senior Partner in aerospaceMartin Trumper and Willis Towers Watson Limited Managing Director in aviationJames Coventry.
Vietjet’s reinsurance certificate for its fleet has been updated and renewedannually since the airline’s first took-off in late 2011. The newly signed dealis worth 20 million USD, covering Vietjet’s entire fleet of aircraft registeredin Vietnam and abroad.
With a comprehensive network in Vietnam and Asia Pacific, Vietjet looks tofurther expand its wings across continents thanks to its new and modern fleetin 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 morethan 150 countries. The supporting broker Willis Towers Watson Limited is aleading global advisory, broking and solutions company. With roots dating to1828, it has 45,000 employees serving more than 140 countries and markets.
Known as a new-age carrier, Vietjet has not only revolutionised the aviationindustry in Vietnam but also been a pioneering airline across the region andaround the world. With a focus on cost management ability, effectiveoperations, and performance, the carrier offers flying opportunities withcost-saving and flexible fares as well as diversified services to meetcustomers’ demands.
Vietjet is a fully-fledged member of International Air Transport Association(IATA) with the IATA Operational Safety Audit (IOSA) certificate. As Vietnam’slargest private carrier, the airline was awarded the highest ranking for safetywith 7 stars in 2018 and 2019 by the world’s only safety and product ratingwebsite airlineratings.com and listed as one of the world's 50 best airlinesfor healthy financing and operations by Airfinance Journal in 2018 and 2019.The airline has also been named as Best Low-Cost Carrier by renownedorganizations such as Skytrax, CAPA, Airline Ratings, and many others./.
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(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) 
