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Heath Lambert Aerospace, the European insurance broker, has been reappointed to the account of Textron Inc for a further three years. The company has worked with Textron for 10 years, arranging the manu-facturer’s product liability risk, and has recently completed the renewal of Textron’s product liability cover.
Textron’s divisions include Cessna Aircraft, Bell Helicopters and Lycoming Engines. Roughly half of Textron’s US$10bn revenues are represented by aerospace.
Graham Townsend, chairman aerospace division, said: “We are very pleased to have secured the April 1 renewal of Textron’s product liability cover in difficult market conditions and at very competitive terms.”