Vietjet signs reinsurance agreement with UK insurance brokers for its entire fleet

(Edinburgh, October 31, 2021) – Vietjet and world-leading insurance brokers Gallagher (UK) Limited and Willis Towers Watson Limited have signed a reinsurance certificate covering Vietjet’s entire fleet globally on the sideline of the 26th United Nations Climate Change Conference of the Parties (COP26) in the UK.

The event was witnessed by Vietnam’s Prime Minister Pham Minh Chinh and high-ranking dignitaries of Vietnam and the United Kingdom; Vietjet Managing Director Dinh Viet Phuong; Gallagher Limited UK Senior Partner in aerospace Martin Trumper and Willis Towers Watson Limited Managing Director in aviation James Coventry.

Vietjet’s reinsurance certificate for its fleet has been updated and renewed annually since the airline’s first took-off in late 2011. The newly signed deal is worth US$20 million, covering Vietjet’s entire fleet of aircraft registered in Vietnam and abroad.

With a comprehensive network in Vietnam and Asia Pacific, Vietjet looks to further expand its wings across continents thanks to its new and modern fleet in the coming time. 

Gallagher is a global leader in broking, risk management and consulting services. Established in 1927, it has a global network of 30,000 expert advisors in more than 150 countries. The supporting broker Willis Towers Watson Limited is a leading global advisory, broking and solutions company. With roots dating to 1828, it has 45,000 employees serving more than 140 countries and markets.