Colt Establishes Risk Management Foothold

Houston, TX (October 1, 2010) – Colt International, one of aviation's leading providers of contract fuel and trip support, announced they have officially entered the aviation insurance business with the public introduction of Colt Risk Management Services, LLC (CRMS). The company will leverage Colt's deep knowledge and relationships within the industry to provide custom solutions for virtually any aviation-related risk.

"Risk management is about much more than just placing insurance policies," said Colt International President, Malcolm Hawkins. "It requires a complete understanding of the challenges unique to aviation. Since we work closely with more than 4,000 flight departments and more than 3,000 fueling and handling destinations, our people are especially well-positioned to understand what these challenges and opportunities are." According to Hawkins, CRMS will partner directly with The SilverStone Group, one of the insurance industry's most respected companies. "We searched long and hard for an experienced partner that would share our passion for outstanding service. SilverStone quickly became the clear choice. For more than 65 years, they have proven that there is nobody better at matching clients with the most comprehensive and cost-effective coverages available."

Colt Risk Management Services has appointed John Springrose, formerly with Chartis Insurance, to lead its day-to-day operations. "Clients will find that CRMS provides unparalleled access to underwriters at top-rated insurance carriers, worldwide claims handling capabilities, and unmatched industry knowledge and experience," said Springrose. He further explained that CRMS coverages will be among the most comprehensive in the industry, "It is not enough to simply cover the basic liabilities of a client's core aviation business. It is important to guard against any potential losses that could impact an organization's long-term viability. That's why we offer a full range of risk management products, including SMS gap analysis and implementation, IS-BAO auditing and registration, General Liability, Foreign Coverage, Loss of License, Workers' Comp, Property, Employee Benefits, and much more. Through Colt Risk Management Services, it's now easier for aviation companies to obtain the breadth of coverages, exceptional customer support, and superior value that will empower them to more effectively safeguard their investments."

For more information, please contact John Springrose at (281) 280-2100, email him at insurance@coltinternational.com, or visit booth #6237 at NBAA 2010.