Nesma Airlines is domiciled in Egypt and operates a mixed scheduled/charter model (72% scheduled, 28% charter per underwriting comments). No corporate financial statements, ownership structure, or headcount data were provided with this submission; the reinsured of record is Arab Misr Insurance Group (gig) SAE, Cairo.
The all-risks section carries a Total Loss Only sub-limit of USD 2,000,000 per aircraft in addition to Agreed Value, Buyer Furnished Equipment to USD 5,000,000 per aircraft/annual aggregate, and Passenger Entertainment/Personal Video Systems to USD 1,000,000 per system. Spares and Equipment are limited to USD 20,000,000 each occurrence (USD 1,000 deductible for flight spares kits, USD 100 for engineers'/mechanics' tools), and a bursary of up to USD 35,000 (amended down from USD 50,000) is available toward safety, security or risk-management initiatives. Minor operational sub-limits — passenger baggage/personal effects (USD 1,250 each claim), cargo (USD 10,000 each occurrence) and wheelchairs/mobility scooters (nil deductible) — apply within the Aviation Liability section.
The renewal fleet comprises 7 x A320-200 in force with 3 x A321-200 attaching by expiry (72% scheduled / 28% charter operation). Terms reflect a 20% rate reduction against expiring 2024/25 rates. The lead's total deductions (brokerage, SMB and tax) were originally quoted at 31.3%, which the following market regarded as excessive; ADNTC counter-offered a 4% line at a 15% differential to lead gross terms, subject to total deductions not exceeding 25% in all — which was ultimately agreed (18.7% brokerage + 6.3% tax = 25.0%).
| Category | Value | % of AHV |
|---|---|---|
| Hull All Risks Aggregate Hull Value — 10 aircraft, pro-rata at inception |
USD 199,927,349 | 100.0% |
| Hull War Not stated in slip |
N/A | — |
| Spares Spares & Equipment — maximum per occurrence (not an aggregate insured value) |
USD 20,000,000 | — |
| Deductible Cover Not stated in slip |
N/A | — |
| Liability Aviation Liability Combined Single Limit (CSL) |
USD 750,000,000 | — |
| Max Ground Aggregate Not stated in slip |
N/A | — |
| Max Single Hull Largest single aircraft agreed value (SU-NMZ) |
USD 30,050,000 | — |
Aggregate hull value across the 7 in-force A320-200 and 3 attaching A321-200 aircraft totals USD 199,927,349 (pro-rata at inception), against a slip Maximum Agreed Value cap of USD 60,000,000 per aircraft. The largest single aircraft agreed value is USD 30,050,000 (SU-NMZ), well inside the per-aircraft cap. No Maximum Ground Aggregate or separate Hull War value breakdown was provided with this submission.
Scheduled and charter operations — 72% scheduled / 28% charter (per UW comments). Flights to/from Russia represent approximately 4.5% of overall operations. No specific route list or operating-base coordinates were provided with this submission.
| Reg. | Type | MSN | Registry | Agreed Value | % AHV | Oversight | Age (yrs) | Safety Status |
|---|---|---|---|---|---|---|---|---|
| SU-NMZ | A320-200 | 5524 | Egypt (SU-) | USD 30,050,000 | 15.0% | — | — | — |
| SU-NMH | A320-200 | 5508 | Egypt (SU-) | USD 29,950,000 | 15.0% | — | — | — |
| SU-NMK | A320-200 | 5995 | Egypt (SU-) | USD 24,365,000 | 12.2% | — | — | — |
| SU-NMG | A320-200 | 5171 | Egypt (SU-) | USD 22,816,825 | 11.4% | — | — | — |
| SU-NML | A320-200 | 5175 | Egypt (SU-) | USD 22,816,825 | 11.4% | — | — | — |
No loss history has been provided with this submission.
This is recorded as a data gap in Panel 10 (Data Quality). Request a 5-year hull loss record from the broker before binding.
| Rule | Risk Value (sourced) | Result |
|---|---|---|
| Operator Type / AOC Status | Not stated in submission — no AOC/operator classification provided | REFER |
| Fleet Average Age | Year-built not provided; average age cannot be computed | REFER |
| Aircraft Type Acceptability | A320-200 / A321-200 — mainstream in-production Airbus narrowbody types | PASS |
| Safety Audit (IOSA / equivalent) | Not provided with this submission | REFER |
| State of Registry / Oversight | Egyptian registration (SU-) confirmed; oversight tier (USOAP/FAA/EASA) not provided | REFER |
| Accident / Incident Record (5yr) | Not provided — no loss history in submission | REFER |
| Crew Experience / Training Standards | Not stated in submission | REFER |
| Agreed Value vs. Market | No market/half-life benchmark provided for comparison | REFER |
| Conflict-Zone Overflight Exposure | Russia flights ~4.5% of operations; RUB Exclusion Clause and line subjectivities imposed by at least one following market | REFER |
| Hull War Aggregate Adequacy | Hull War not written back in the master slip; no separate aggregate stated | REFER |
| Confiscation / Leased-Aircraft Exposure | Fleet ownership status (owned vs. leased) not stated in submission | REFER |
| Sanctions Screen (operator + lessor + registry + route) | No formal sanctions screen result recorded; Russia-related line subjectivities pending confirmation | REFER |
| Ground Accumulation (MGA) | Not stated in submission | REFER |
| Prior Insurer Representation | Renewal confirmed (New/Renewal: Renewal); prior-year reinsurer identity not stated | REFER |
| Loss Ratio (5-year) | Not provided | REFER |