23-06-2017 16:45 via insuranceinsider.com

Aviation insurers forge Brexit intra-group policy transfer clause

Aviation underwriters and their representatives have agreed on new
policy wording to limit the impact of Brexit on multi-year
insurance coverage.
However, they also pulled an attempt to forge a clause that
would work for insurance policy transfers to third parties.
The Aviation Insurance Clauses Group (AICG) published the model
EU continuation clause after a four-month consultation.
The clause stipulates that a (re)insurer can transfer the policy
to another member of the same group under the sam
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