Combines To Become GA's Largest Insurance Brokerage
Officials of two of the nation's
largest aviation insurance brokerage firms: AirSure Limited and
Aero Insurance, a division of the Van Gilder Insurance Corporation,
have announced the completion of a definitive merger agreement
which states that Aero Insurance will merge with AirSure Limited.
The new company will be owned by the Van Gilder Insurance
Corporation and will operate under the AirSure Limited name, with
Bill Behan serving as managing director and Larry Mattiello as
president.
The merger has made AirSure Limited the largest general aviation
insurance broker in the world.
AirSure Limited Managing Director Bill Behan said, "Both
companies bring a lot to this merger. Not only have we
significantly increased our negotiating strength on behalf of our
clients, but we have also acquired an amazingly broad range of
product lines and expertise thanks to the capabilities of our new
parent company. We are very confident in saying that we will
provide our clients the most comprehensive and cost effective
aviation insurance coverage available anywhere in the world, all
delivered with the same high level of personal attention that has
become a hallmark of AirSure Limited."
Dell Van Gilder, Chairman of Van Gilder Insurance Corporation,
added, "We couldn't be more excited. Adding AirSure Limited to our
corporate family greatly increases our presence and depth in the
aviation arena, and brings additional capabilities and protection
to our customers worldwide."
Previously, Aero Insurance and AirSure Limited were "good,
strong competitors," according to Larry Mattiello, president of
Aero Insurance. He added, "The senior management at both companies
have known each other for years. Together, we'll be a formidable
force in the industry, with the strength necessary to provide
customers the levels of service and expertise they need to actively
pursue their aviation activities knowing they have the right levels
of protection and assurance backing them up. This is absolutely
critical in the challenging operating environments today's
customers find themselves working within, and it is what we do
best."
Aero Insurance is a long time provider of aviation insurance
brokerage services throughout North America, and is a division of
the Van Gilder Insurance Corporation, the largest independent
insurance brokerage in the Rocky Mountain Region. Van Gilder
Insurance Corporation is a 100-year old employee-owned company and
full-service broker that provides a wide spectrum of insurance
products and services for thousands of businesses, individuals and
families.
AirSure Limited is a privately held aviation insurance brokerage
firm based in Denver. In addition to serving many well-known
businesses and individuals in the worldwide aviation market,
AirSure Limited is also program administrator for the National Air
Transportation Association's very successful Workers Compensation
Safety Group Program
The new AirSure Limited will maintain offices in both Dallas and
Denver, with Colorado serving as the company headquarters.