Washington, DC, January 6, 2020 – The Independent Fixed Base Operators Association (IFBOA) 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.
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