IUA Circular 054/21

A joint IUA and Lloyd’s Market Association (LMA) webinar
An update on Model Clause development in the Aviation Market

with speakers:

Jette Varnals, Technical and Wordings Manager, Aerospace, AXA XL
Gareth Howell, Client Executive & Manager, Policy Wordings, Global Aerospace
Sophie Moysan, Chief Legal, Claims Advisory & Institutional Officer, La Réunion Aérienne
Nick Hughes, Expert Member, AICG

Event Date:  Wednesday 16 June 2021

Time:  2.30pm/14.30hrs for approx 90 mins (UK/London time)
Check your time zone here

Subject:  This market briefing will provide an update on model clauses published for use in the aviation market by the Aviation Insurance Clauses Group (AICG).

Contact:  Deborah Finch, IUA Events Manager (020 7617 4451)

Download presentation slides from this event

This IUA Webinar, aimed at aviation market practitioners, will review model clauses recently published by the Aviation Insurance Clauses Group (AICG), in particular, in respect of Software and Grounding Liability. The briefing is intended to provide an overview of the wordings and to allow for an interactive discussion with underwriters, brokers and other aviation practitioners.

Attendees will hear from aviation practitioners on the rationale behind the published AVN clauses and key information regarding their intended practical operation. Attendees will have the opportunity to pose questions regarding the clauses, which will be addressed in panel-style discussions with speakers. As such, we would be pleased to receive questions in advance on any of the discussion items or other AVN clause related issues.

The clauses that will be the focus of this presentation are listed below and can be accessed on the AICG Website here:

-               Software Exclusion Clause (AVN133)
-               Software Limitation and Aggregation Endorsement (AVN134)
-               Software Liability Limitation Endorsement (AVN135)
-               Software Liability Interlocking Endorsement (AVN136)
-               Software Exclusion Endorsement (Amending AVN52) (AVN137)
-               Software Passenger Limitation Endorsement (Amending AVN52E Dec 01) (AVN138)
-               Software Affirmation Clause (AVN139)
-               Software Affirmation Clause (Applicable to Treaty Reinsurance Risks) (AVN140)
-               Grounding Liability Clause (AVN128)
-               Partial Grounding Liability Endorsement (AVN129)
-               Non-Occurrence Grounding Liability Endorsement (AVN130)
-               Grounding Liability Clause (For attachment to AVN98) (AVN131)
-               Grounding Liability Clause (For attachment to AVN98A) (AVN132)
We will also take the opportunity to consider a draft Business Continuity Event Insurance Period Extension Clause that has been the subject of a recent AICG consultation (CD59) (accessible here). This model clause is designed to allow for an automatic extension of coverage where a business continuity event leads to the inability to renew an insurance policy.   

Our Panellists:

Jette Varnals:
Jette is an experienced Aerospace Insurance Professional, having held senior positions in both broking and insurance organisations. She is FCII qualified with Chartered Insurer status and with an MBA obtained in 2003. Jette specialises in bespoke wordings, technical negotiations and client relationships and is the current Chairman of the IUA’s Aviation Technical Committee, she is also a founding and current member of the AICG.

Gareth Howell: 

Gareth joined Global Aerospace in June 2019 as a Client Executive and Manager of Policy Wordings. Prior to joining Global Aerospace, Gareth was an underwriter with Brit, Insurance Manager with BBA Aviation and client executive with Marsh. Gareth is a member of the Aviation Insurance Clauses Group and is ACII qualified.

Sophie Moysan:
Sophie Moysan is the Chief Legal, Claims Advisory & Institutional Officer of La Réunion Aérienne  (LRA) which she joined in 2015.

She has 32 years of experience in insurance including 26 years in aviation & space insurance, most of them with a worldwide insurance broker in a broad range of functions. Prior to entering the insurance sector, she was an Attorney at the Paris bar

Sophie is a representative of Fédération Française des Assurances (FFA) at the Aviation Insurance Clauses Group (AICG).

She is a member of the Cyber & Emerging Risks Study Group and of the Legal & Claims Study Group of the International Union of Aerospace Insurers (IUAI). She also represents LRA in various aviation committees of the International Underwriting Association of London (IUA).

Nick Hughes: 
Nick Hughes is an Expert Member of AICG and of its predecessor JTCC.  Until retirement in June 2020 he was a Partner at HFW and before that at BLG which was the origin of the much wider aerospace legal practice now at HFW. 

During his career Nick has advised on policy clause drafting and interpretation and engaged in dispute resolution relating to many forms of cover in the aviation and space insurance markets. He has resolved claims against policyholders and against / between insurers relating to policy cover arising in some 130 countries. 

Nick is also a long standing Director of Airmic , a former Chair of the Aviation Committee of the Insurance Institute of London and a Liveryman of the Worshipful Company of Insurers.

DISCLAIMER: The market briefing presentation materials and speaker comments therein were prepared solely by the presenter(s) in their personal and professional capacity. Any materials or opinions expressed do not necessarily represent the views of the IUA and IUA does not bear any responsibility for, or liability to, any parties in respect of the accuracy, legality or overall content of the presentation or any other comments made by speakers or other attendees during the market briefing.

As a member of the CPD (Continuing Personal or Professional Development) Certification Service the IUA is committed to providing high quality training activities. Our market briefing events are certified as being suitable for CPD purposes. To obtain a self assessment form for any particular event please email Deborah Finch. These forms will be issued after each individual event upon request.