Piiq Risk Partners has completed its first insurance-backed aviation finance transaction, alongside Credit Agricole CIB (CA-CIB): the refinancing of an Airbus A350-900 held under a Japanese operating lease with call option (Jolco) structure. 

CA-CIB acted as overall Jolco equity and debt arranger. The insurers were SOMPO Japan Insurance and Aioi Nissay Dowa Insurance, with international reinsurance support from Axis Insurance and Fidelis Insurance.

IFLI (Integrated Finance Linked Insurance) is designed to originate, structure and manage aircraft finance transactions using commercial insurance. The IFLI product allows banks and capital market investors the protection of an insurance-backed aviation finance product when financing new aircraft or refinancing aircraft already owned by airlines or lessors.

Piiq's offering includes in-house expertise in underwriting, deal origination, legal due diligence and transaction structuring, and market analytics.

The transaction marks Piiq’s first IFLI-supported financing.