Aircraft   

Aircraft

BULSTRAD VIENNA INSURANCE GROUP is among the largest insurers of Aviation risks in Bulgaria. The Company offers to its Clients insurance coverages with protection both against risks related to aircraft ownership and operation and against risks arising during the servicing activities in the aviation industry. The insurance products of BULSTRAD VIENNA INSURANCE GROUP comply with the general and special conditions approved by the Company and are fully in line with the general and special conditions, exclusions, guarantees and definitions established and used on the International Insurance and Reinsurance Market, as well as the applicable Aviation clauses for various types of Aviation insurance.

In addition to standard Insurance coverages for Aircraft Hull, Hull Deductible (including aircraft hull, engines installed on board, equipment as well as spare parts), Aviation Liability to Third Parties and for On-Board Passengers, Baggage, Cargo and Mail, BULSTRAD VIENNA INSURANCE GROUP offers insurances against War and related risks (war, strikes, civil commotions, etc.) and political risks (confiscation, hijacking, etc.). The Company also provides insurances which cover Third-Party Liability for damages arising out of the activities of Airport Owners and Operators, Ground Handling Operators and Aircraft Maintenance Organizations.

BULSTRAD VIENNA INSURANCE GROUP has a lead position on the Bulgarian Market for this type of insurance thanks to the effective utilization of the infrastructure of the International Insurance and Reinsurance Market and using the proper selection of Reinsurance Brokers with considerable experience and know-how: Marsh Ltd. (Marsh & McLennan Companies), Arthur J. Gallagher Ltd. (Arthur J. Gallagher & Co), RKH Specialty Ltd., Euro Hanse GmbH, as well as the related Underwriters / Reinsurers of Aviation risks: AIG, Allianz Global Corporate & Specialty, AXA Corporate Solutions, Hаnnover Re, Ingosstrakh, Swiss Re, Wiener Städtische Versicherung, XL Insurance, etc.

 
About BULSTRAD
ZAD "BULSTRAD VIENNA INSURANCE GROUP"
was founded on 31 July 1961. Since then the company has developed all lines of insurance and reinsurance business, such as aviation and marine, in which we have a leading position on the Bulgarian insurance market; cargo and property, motor insurance, construction-and-erection risks, personal lines and others.

In 1967, the Company registered its broking company in London, EUROPEAN INSURANCE AND REINSURANCE BROKERS (EIRB).