PSG Insure has acquired Airborne Insurance Consultants, in a deal which makes it one of the biggest aviation insurance brokerages in South Africa.
The deal leaves PSG Insure with an ability to have “a full-service offering” across all classes of short-term insurance (commercial and personal lines).
Airborne Insurance Consultants is described as Africa’s fastest-growing independent aviation insurance specialists.
“This is an exciting and mutually beneficial association for our business,” said Scott Smith, managing director of Airborne Insurance Consultants.
“PSG offers a comprehensive range of products to meet a full suite of client needs and has established relationships with respected product providers. It also offers the benefit of an influential brand, watertight legal and compliance infrastructure, and technological capabilities,” said Smith.
For PSG, the Airborne Insurance team brings significant aviation insurance experience and a substantial client footprint across Africa and South Africa. The move has increased the number of aircraft owners insured through PSG to over 1000.
PSG Insure’s aviation team, under the management of our aviation specialist advisory office run by Reon Wiese, forms part of PSG Konsult, which is listed on the Johannesburg and Namibia stock exchanges. It is made up of a team of specialised aviation insurance brokers with more than 100 years combined insurance experience.
“This increased scale will allow us to access better products and better premiums for our clients,” said Wiese. “The Airborne team also brings valuable expertise with the London insurance market, and we’ll be able to tap into that to enhance our offering to clients.”