Titan Aerospace Insurance has acquired Plimsoll Specialty Markets.
Under the deal, Plimsoll CEO Michael Clark will become president, wholesale of Titan. Clark is a veteran of the aerospace insurance industry, previously serving as head of QBE’s aviation business and as senior vice president of Old Republic Aerospace, where he led the specialty risk division. Jon Downey will remain at Titan as CEO.
Plimsoll operated joint ventures with Lloyd’s of London and placed reinsurance treaties with large insurers in London, Europe, and other regions. “The addition of Michael Clark to our leadership team further enhances our capability to deliver exceptional value and service to our clients,” said Downey.
Titan is a worldwide aviation insurance brokerage. Sister company Titan Aviation Fuels has more than 600 branded locations in the U.S. and a network of 2,000 locations worldwide. It provides non-fuel support services including pilot loyalty, aviation card processing, contract fuel, quality control training, equipment leasing and financing, online parts store, and Atlas FBO management software.