Company History
Airclaims was originally founded in 1964 as a joint venture between Aviation & General and Orion Insurance to provide them with aviation loss adjusting services. It subsequently expanded to become one of the world’s leading providers of claims management and handling services. The business diversified its operations providing a variety of consulting and information services to the aviation sector.
In 2006, the information and consultancy division of Airclaims was re-branded Ascend. The name change reflected the Company’s focus on meeting changing customer requirements though information and consultancy product and service innovations. Ascend was subsequently de-merged from Airclaims in July 2007, which now focuses exclusively on the claims and risk and asset management sectors.
Today Airclaims handles over 2,400 assignments annually via a network of global offices, including London, Miami, Moscow, Singapore and Sydney. With over 50 aviation surveyors, the Company’s global network of industry specialists provides an unparalleled service to the aviation industry.
Key Dates
1964 |
Airclaims founded by Aviation & General and Orion Insurance companies to provide specialist loss adjusting services to the global aviation insurance market |
1970 |
BAIC acquires shareholding. Airclaims diversifies into Information & Consulting services with the acquisition of the BAIC information centre |
1987 |
La Reunion Aerienne acquires shareholding |
1988 |
Airclaims’ Paris office opened to service business arising from French clients |
1994 |
Major information product (CASE) launched |
1996-2000 |
Further geographical expansion and consolidation in Canada, Australia and New Zealand |
2000 |
Technical Asset Management service launched to provide physical condition surveys |
2005 |
Management team, backed by private equity firm LDC, buys Airclaims |
2006 |
The information and consultancy division of Airclaims is rebranded Ascend |
2007 |
Demerger of Airclaims and Ascend takes place |
