Aircraft Finance Insurance Consortium officers named by Marsh

Alternative aircraft finance insurance product to be offered by global consortium

Aircraft Finance Insurance Consortium officers named by Marsh

Insurance News

By Terry Gangcuangco

Joining Marsh from the Export-Import Bank of the United States (EXIM Bank), Robert Morin is now transaction and business development leader at Aircraft Finance Insurance Consortium (AFIC).

Morin, widely recognised as a leading authority in the global aircraft finance industry, was with EXIM Bank for more than two decades and was recently senior vice president of business and product development. He oversaw the successful expansion of the firm’s aircraft financing programme.

Also moving to Marsh’s AFIC is Gabriel Okolski, a former senior transportation loan officer at EXIM Bank responsible for more than $3 billion in large commercial aircraft and helicopter financing for airlines, aircraft leasing companies, and other corporate entities.

Based in Washington along with Morin, Okolski has been appointed as credit and financial analyst. for two years he served as a transportation industry analyst for the US Department of Transportation.

The newly launched AFIC, available exclusively through Marsh, provides an alternative aircraft finance insurance product for banks and capital market investors that are funding new aircraft purchases from Boeing. Bruce Fine, global leader of AFIC for Marsh, said AFIC is a significant development in the diversification of aircraft finance globally.

“We’re delighted to have people of Bob and Gabe’s calibre, both of whom have done seminal work in the convergence of airplane risk capital, law, regulation and loan protection, join our team and take AFIC to the next stage of its development,” he noted.

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