Convex backs new aviation MGA Skyrisks

Bermuda-based Convex Group has given its backing to Skyrisks, a new managing general agent (MGA) launched to address the insurance needs of the Advanced Air Mobility (AAM) sector.

The AAM sector references the future of aviation, leveraging revolutionary new aircraft, such as electric vertical takeoff and landing (eVTOL), and a broad array of other new technologies.

London-based Skyrisks will develop insurance products for AAM businesses in partnership with Convex. AAM businesses will have diverse insurance needs including hull all risks, third party liability, passenger & crew liability, premises, products & hangar keepers’ liability, and other coverages.

Skyrisks has also unveiled Alistair Blundy, a specialist aviation underwriter with Allianz Global Corporate & Specialty (AGCS), as its first chief executive officer.

Blundy said: “The vast majority of AAM aircraft are zero-emission and exceptionally versatile, providing a cleaner, faster, quieter, and more affordable alternative to conventional platforms. Skyrisks is committed to driving global sustainability action in aviation, which today accounts for 2% of global emissions.”

Michael Hansen, head of aerospace at Convex, said: “Tackling the enormous challenges of sustainability and safety in aviation are among the greatest responsibilities of the insurance market. It will take a data-driven specialist such as Skyrisks to underwrite the risk from the ground up with coverages tailored for the needs of the AAM ecosystem.”