Air Centurion Insurance Services (“Air Centurion”), an aviation insurance program administrator (PA) has announced a strategic partnership with SiriusPoint Ltd. (“SiriusPoint”), a global specialty insurer and reinsurer.
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 offers insurance products to the aviation industry and has developed new technology based solutions utilizing data and analytics to streamline the underwriting process and provide better results to our capital providers.
“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 specialized 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.”
“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, said Patrick Charles, Head of North America Insurance. “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.”
About Air Centurion
Air Centurion is a (PA) that offers insurance products to the aviation industry and has been developing new technology for the industry to help streamline the underwriting process. Based in Santa Barbara, California, the company’s current partners include Falls Lake National Insurance Company and Falls Lake Fire & Casualty Company.
About SiriusPoint
SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with program administrators and managing general agents within our Insurance & Services segment. With over $3.0 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch. For more information, please visit www.siriuspt.com.