Aviation program administrator (PA) Air Centurion has announced a strategic partnership with SiriusPoint, a global specialty re/insurer.
Starting from August 1, 2023, SiriusPoint will provide capacity to the PA, as well as collaborating on its underwriting strategy and product offering development.
According to the announcement, Air Centurion will exclusively use SiriusPoint America Insurance Company’s paper across the US.
Patrick Charles, Head of North America Insurance at SiriusPoint, commented: “We look forward to partnering with the Air Centurion team, combining our programs 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.”
Founded in 2016, Air Centurion offers insurance products to the aviation industry and has developed new technology based solutions utilising data and analytics to streamline the underwriting process and provide better results to our capital providers.
Jason Niemela, Founder, President and Chief Executive Officer of Air Centurion, said: “This new partnership with SiriusPoint is a significant part of Air Centurion’s future growth and strategic development.
“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.”
