The Magnes Group, Inc., a Toronto-based insurance broker and Assurex Global Partner, is one of the largest independent professional risk and insurance advisor to the Canadian aviation industry. With that title, Magnes holds many long-lasting, valuable relationships with its clients, including Flightexec, a firm that manages a fleet of jets in Canada.

Based in Ontario, Flightexec serves a wide variety of industries with private travel solutions for both companies and high net worth individuals. Recently, the company was preparing to lease a U.S.-registered jet to an operator in Nigeria, which included a contract with a condition that Flightexec maintain control of the insurance.

With the longstanding Magnes relationship in place, Flightexec turned to the firm’s aviation risk experts for help.

After a few weeks of going through traditional channels, no progress was made, and Magnes began to think the placement could not work.

But Magnes had established a connection with South Africa-based GIB Insurance Brokers (Pyt) Ltd. at an international Assurex Global conference. With that valuable introduction, Magnes was able to connect with the right people at GIB.

Now working with a local broker and local carriers on the ground who had hands on knowledge and of pricing and regulations in the region, Magnes was able to provide a direct referral for Flightexec to meet its insurance needs across borders and overseas.

Magnes was able to expand its reach and provide an international scope to an existing customer who is often solicited by the likes of several others brokers. Without the strength of the Assurex Global Partnership, the placement would not have been possible.