Kingston, Jamaica- April 2025: Baymac, a global leader in aviation-focused financial and insurance services, is proud to announce its official sponsorship of the 2025 International Federation of Air Traffic Controllers’ Associations (IFACTA) Conference, further deepening its commitment to advancing safety, wellbeing, and financial protection in the aviation sector.
Baymac’s Chairman, Daren Bayley-Hay, will serve as a featured speaker at the conference, addressing the critical need for comprehensive risk management strategies tailored for aviation leaders and executives in today’s dynamic global landscape.
In conjunction IFATCA has partnered with Baymac to implement its latest industry-specific solution: Directors & Officers Liability Insurance (Officers Coverage. This innovative policy, now adopted by IFATCA for its leadership and board members, offers:
- Protection against claims alleging financial loss from wrongful acts
- Coverage for current, past, and future directors and officers, including their spouses and estates
- Employment Practices and Fiduciary Liability coverage of up to CAD 2,000,000
- Defense costs, civil penalties, and settlement support
- Global jurisdiction with protection for both individual executives and organizations
“Our Officers Coverage product reflects Baymac’s proactive approach to protecting aviation decision-makers, not only from legal and financial liabilities but also in safeguarding their personal assets and reputations,” said Bayley-Hay. “Partnering with IFACTA and protecting their leadership exemplifies the very purpose of this offering.”
Baymac continues to lead the charge in delivering niche insurance products tailored to the unique needs of aviation professionals including group and individual loss of income plans, health insurance coverage, and pension plans. Collaborating with best-in-class insurance partners, Baymac builds products specifically designed for members of the aviation industry.
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