Bermuda companies have been at the centre of changes in the aviation insurance business at the Lloyd’s of London market this week.

Yesterday, Catlin Group announced the formation of the General Aviation Consortium at Lloyd’s Asia.

Earlier this week, in an apparently unconnected story, the aviation team at Atrium — a subsidiary of Bermuda-based run-off specialist Enstar Group — resigned, a story revealed by The Insurance Insider.

Enstar acquired Atrium six months ago in a $158 million deal. The London-based industry publication confirmed the resignations of Bruce Carman, Matt Thomas, John Spence and Peter Neill through obtaining a broker statement, which read: “In the immediate future they [the underwriters] will continue to remain at Atrium and service the account as our clients and brokers remain our first priority.

“Atrium remains fully committed to the aviation and aviation war accounts, and will ensure that there is no drop in the levels of service.”

Enstar acquires and manages companies in run-off — that is they have ceased writing new business — but Atrium, like another recent acquisition Torus, represents a foray into ‘live’ underwriting.

Atrium’s combined aviation book, war and non-war, is believed to be worth around £40 million ($67 million) annually, or roughly ten percent of the company’s total portfolio.

Catlin’s General Aviation Consortium at Lloyd’s Asia will write General Aviation insurance and reinsurance risks based in the Asia-Pacific and Middle East regions.

Established on April 1, the consortium will provide 100 percent capacity for aircraft with up to 50 seats. The Consortium is led by Catlin Singapore and supported by other participants in the Lloyd’s Asia platform.

In a statement released yesterday, Bobby Heerasing, chief underwriting officer of Catlin’s Asia-Pacific underwriting hub, said: “With the General Aviation Consortium, brokers and cedants can enjoy an enhanced and highly competitive product offering through a convenient single point of contact, combined with the benefit of Lloyd’s ‘A’ rated security.”