In a strategic move towards advancing the aviation sector’s sustainability agenda, Convex Group Ltd (Convex) has announced a cornerstone investment in Skyrisks Limited (Skyrisks).
Skyrisks, a London-based managing general agent, is poised to lead the insurance market for the rapidly growing Advanced Air Mobility (AAM) sector.
The AAM industry, characterised by cutting-edge aircraft and innovative technologies, aims to revolutionise the movement of people and goods, prioritising safety, affordability, and sustainability.
Alistair Blundy, CEO of Skyrisks, emphasized the crucial role of innovative insurance in supporting the adoption of revolutionary aircraft and infrastructure.
He stated, “We meet the emerging risk landscape with proactive appetite, bespoke solutions, and A-rated insurance capacity. We are open for business and accepting submissions.”
Skyrisks’ comprehensive insurance offerings cover a broad spectrum of the AAM ecosystem, including operators of eVTOL, eSTOL, and eCTOL aircraft, autonomous and RPAS fleets, manufacturers of AAM aircraft and components, as well as various other stakeholders involved in AAM services, maintenance, vertiport operations, airspace management, alternative fuels, and advanced technologies.
Convex’s investment is not only a testament to the potential of Skyrisks but also underscores their commitment to sustainability within the aviation sector.
Mike Hansen, Head of Aerospace at Convex, noted, “Our approach to sustainability is integral to and integrated in Convex’s strategy. That is why we are committed to advancing the sustainability agenda across the aviation sector in a long-term partnership with Skyrisks, the leaders in AAM insurance.”
Shelley Lyddon-Mills, Chief Actuary Bermuda at Convex, will further strengthen the collaboration by joining the Board of Directors at Skyrisks.
Her appointment signifies a shared mission to become market leaders in AAM insurance through innovation and data-driven solutions. Lyddon-Mills stated, “A key driver of our innovative edge will stem from the ability to integrate multiple data sources into a sophisticated API-enabled pricing engine, unlocking valuable metrics and empowering us to walk side-by-side with AAM companies as they grow.”
