Washington, DC, January 6, 2020 – The National Air Transportation Association (NATA) and QBE Aviation of QBE Holdings, Inc. (QBE) are proud to announce that the 2015 Program year of its Workers Compensation Insurance Program closed with a final Good Experience Return (GER) of 24.74%. The Program allows for five years of loss development before making the final calculation of a Program Year’s GER. On December 18, 2019, QBE declared approximately $6,113,555.60 for the Program participants for this year’s GER. To date, over $22,254,749.89 in GER has been distributed to Program participants.
“This Program was developed with three key components in mind; to provide participants with a dependable long-term option for Workers Compensation Insurance, to reward safety-conscious participants, and to make joining the program as easy as possible. We are proud to continue that effort and to once again provide the returns from a successful year-end,” stated Steve Allen, QBE’s Senior Vice President, Head of Aviation.
“For 80 years, NATA has assisted its members in being safe and successful. The Program, with its good experience return, is just one way that NATA provides tangible value and assists aviation businesses in meeting their bottom lines. Participants look forward to these substantial savings year-after-year and we are pleased to see the substantial growth not only in the number of participants in the Program, but also in the overall return that the Program provides our members,” stated Timothy R. Obitts, Chief Operating Officer of NATA.
To learn more, please visit www.nata.aero/wcip .
Brokers can contact a QBE Aviation Workers Compensation underwriter to receive a quote:
Brian Neal, Vice President
Head of Aviation Workers Compensation
Michael Lumpkin, AVP
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About QBE North America
QBE North America, an integrated specialist insurer, is part of QBE Insurance Group Limited, one of the largest insurers and reinsurers worldwide. QBE NA reported Gross Written Premiums in 2017 of $4.6 billion. QBE Insurance Group's 2017 results can be found at www.qbe.com . Headquartered in Sydney, Australia, QBE operates out of 31 countries around the globe, with a presence in every key insurance market. The North America division, headquartered in New York, conducts business through its property and casualty insurance subsidiaries. The actual terms and coverage for all lines of business are subject to the language of the policies as issued. QBE insurance companies are rated "A" (Excellent) by A.M. Best and "A+" by Standard & Poor's. Additional information can be found at www.qbe.com/us , or follow QBE North America on Twitter.
For general press inquiries, contact Shannon Chambers at 703-298-1347 or email@example.com.
The National Air Transportation Association (NATA) has been the voice of aviation business for 80 years. Representing nearly 2,300 aviation businesses, NATA’s member companies provide a broad range of services to general aviation, the airlines and the military and NATA serves as the public policy group representing the interests of aviation businesses before Congress and the federal agencies.