Aviation insurance specialist Air Centurion Services Inc. said Monday that from August 1 SiriusPoint Ltd. will provide capacity for its programs.
Previously, units of James River Group Inc. provided capacity for the Santa Barbara, California-based program manager, which started operations in 2016 and writes coverage for U.S. airlines and general aviation policyholders.
Air Centurion will also increase its liability capacity to $25 million from $20 million, said President Jason Niemela, in an email.
“Aviation capacity has been flat, but many companies are starting to offer larger lines on risks so our plan is for moderate growth over the next 12 months,” he said.
The company offers $3 million in physical damage capacity.