London-based MGA Happy Fly secures insurance partner

London-based MGA Happy Fly Limited has partenred with Luxembourg-based insurer Stonefort Group .

Happy Fly offers insurance and technology solutions to airlines to mitigate the financial and administrative burdens of EU261 Flight Delay Compensation exposures. It developed flexible insurance solutions designed to mitigate an Airline’s financial exposure to their current, future and historic EU261 compensation liabilities and cap EU261 to a single predictable cost. In addition, its Payments+ secure cloud-based claims portal autonomously manages, validates, and verifies passenger EU261 claims as well as paying compensation to passengers anywhere in the world.

“The HFL team are thrilled to be working alongside Builders. This is the final piece of the puzzle. We now have the (re)insurance capacity as well as the technology to assist Airlines everywhere.” – Ian Jansingh, Managing Director of Happy Fly.

“I am very excited about our partnership with HFL. We have come a long way at Builders. Builders started out as a captive reinsurer in Luxembourg in 2000 and has evolved since into a specialty niche player in (re)insurance with captive management offerings. I am thrilled to work with our partners at HFL to translate our own success story into a proposal to address one of the Airlines most pressing needs . Managing EU261 claims using smart technology and combining it with the strengths of our own model creates a truly unique solution. We look forward to working together with HFL on turning EU261 claims into a win-win opportunity for the airline industry, for Builders and, most importantly, for the Airlines and their customers.” – John Morrey, CEO of Builders Insurance Holdings.