SiriusPoint strikes capacity deal with Air Centurion
Global specialty re/insurer SiriusPoint has entered into a strategic partnership with aviation insurance programme administrator (PA) Air Centurion Insurance Services.
Starting from August 1, 2023, SiriusPoint will provide capacity to Air Centurion, as well as collaborating on its underwriting strategy and product offering development. Air Centurion will exclusively use SiriusPoint America Insurance Company’s paper across the US.
Founded in 2016, Air Centurion has been developing new technology for the aviation industry using data and analytics to help streamline the underwriting process.
“This new partnership with SiriusPoint is a significant part of Air Centurion’s future growth and strategic development,” said Jason Niemela, Founder, president and chief executive officer of Air Centurion. “Having the support and backing of the SiriusPoint team means we can continue to deliver a specialised offering to the market, providing products that are custom designed for each client based on their specific exposures. Our partnership with SiriusPoint underscores our commitment to deliver on our objectives to become a reliable provider of aviation coverage across the US.”
Patrick Charles (pictured), head of North America Insurance, added: “We look forward to partnering with the Air Centurion team, combining our programmes experience with our aviation know-how to be more than a paper and capital provider. Air Centurion is a specialist player in the niche aviation market, and a PA which matches our drive to provide security and resilience to customers. Our focus now is to support the further growth of Air Centurion’s underwriting expertise and product offering to the (re)insurance industry.”
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