80 years

1935

1936

of experience and know-how

in aviation insurance

Eight decades ago, in 1935, the Compagnie Belge d’Assurances Aviation –

Belgische Maatschappij voor Lucthvaartverzekeringen (Belgian Aviation Insurance

Company or Aviabel) was created. Under the impulse of an Antwerp broker,

it becomes the first specialised aviation insurer in Belgium.

Aviabel’s first policy is issued to King Leopold III, who is

extremely interested in the development of aviation.

The annual accounts for

Aviabel’s first year in business

Business is booming for the Belgian national airline Sabena, along with

commercial and tourist aviation in general

Belgian insurers and

reinsurers are the

shareholders.

20151970

2000

During World War II, Aviabel’s activities are reduced

to a minimum. After the war, civil aviation resumes,

bringing a new start for Aviabel. It is at this point that the

reinsurance activity is also launched.

In the 1970s and 1980s, Aviabel grows to

become a stable and respected player in

the aviation insurance market. Experience

and know-how remain two essential pillars

of that success.

By the late 20th century and early 21st century,

Aviabel has become the undisputed market

leader in the Benelux region for aviation risks.

The company acquires portfolios from Josi and

the Nederlandse Luchtvaartpool. Aviabel Re and

the branch office in Amsterdam are also founded.

In 2007 Aviabel moves to an office building on

Avenue Louise in Brussels. In 2012 Cécile Coune

becomes CEO of the insurance company.

Aviabel is a reliable, stable,

financially rock-solid player,

as the A- ratings awarded to

Aviabel by the rating agencies

Standard & Poor’s and AM Best

certainly attest.

1945

A-