London-based Skyrisks is now operational as a managing general agent to empower the AAM sector.

“Innovative insurance is a core enabler for the successful adoption of revolutionary aircraft, power systems and next-generation infrastructure,” says CEO Alistair Blundy. “We meet the emerging risk landscape with proactive appetite, bespoke solutions and A-rated insurance capacity. We are open for business and accepting submissions. The foundational reception and support from broker partners is outstanding.”

Skyrisks is offering insurance capacity and coverage for the dynamic and varied AAM ecosystem, including operators of eVTOL, eSTOL and eCTOL aircraft; autonomous and RPAS fleets; manufacturers of AAM aircraft and major components; suppliers and distributors of AAM component parts; AAM service, maintenance and repair operations; vertiport construction and operations; AAM airspace management infrastructure and services; alternative aviation fuels and powertrains; next generation avionics and technologies.

The company has received a cornerstone investment from Convex Group in addition to its existing insurance capacity partnership. Mike Hansen, head of aerospace at Convex, says: “Our approach to sustainability is integral to and integrated in our strategy. The very purpose of commercial insurance is to support the sustainability of business activities. That is why we are committed to advancing the sustainability agenda across the aviation sector in a long-term partnership with Skyrisks.”

Shelley Lyddon-Mills, chief actuary Bermuda at Convex, will join the board of directors of Skyrisks. She says: “We are on a mission to be a market leader in AAM insurance. A key driver of our innovative edge will stem from the ability to integrate multiple datasources into a sophisticated API-enabled pricing engine, unlocking valuable metrics and empowering us to walk side-by-side with AAM companies as they grow.”