The partnership primarily aims to fill a significant gap within the aviation insurance market, as it is currently very complicated to secure comprehensive and reliable coverage. The partnership seeks to address these gaps and provide holistic coverage.
Skyward Specialty is known for its novel approach to the specialty P&C market, offering a broad range of insurance products. The company focuses strategically on underserved markets, using its expertise to devise tailored products that meet the specific needs of these sectors.
The new product provides comprehensive coverage to multiple segments in the aviation industry, including commercial and general aviation aircraft, flight schools, fixed-based operators, and both public and private airports.
The partnership will also cover other aviation-related businesses, providing specialized insurance solutions tailored to the industry’s requirements.
Kirby Hill, President of Captives, Programs & Alternative Risk at Skyward, commented: “Joining forces with Acceleration Aviation enables us to offer comprehensive, reliable solutions to an industry where adequately addressing capacity and coverage has been a challenge. Our entry into this market demonstrates our commitment to identifying and capitalizing on growth opportunities that align with our strategy to reach underserved markets.”
Chris Jones, President of Acceleration Underwriters, added: “Our team at Acceleration Aviation is excited to bring our expertise in aviation insurance to our partnership with Skyward Specialty. We look forward to growing a profitable book of aviation insurance business that contributes to Skyward Specialty’s already impressive success in the P&C market.”
