MGA Hive Aero is to expand into the underwriting Aviation Hull and Liabilities (All Risks).
The expansion comes as Hive have agreed capacity support from Arch insurance and it will begin underwriting for the fourth quarter airline renewals of 2020.
Hive Aero began underwriting Aviation Hull War in 2018 and Excess Third-Party Aviation War Liabilities (AVN52) in 2019 and has successfully grown a sizeable account underwriting on behalf of a number of carriers, including Arch.
Bruce Carman, Chief Underwriting Officer explained: “Adding the All Risks to the Aviation War classes Hive Aero already underwrite serves to further demonstrate our commitment to our aviation clients. I am delighted to be able to extend our valued partnership with Arch, with the strength of their first-class security behind our knowledge-based underwriting.”
“Arch has supported Hive Aero since its launch and we are delighted to continue that support as it expands into the Aviation All Risks market,” added Lino Leoni, SVP, Chief Underwriting Officer, Arch Insurance International. “The high calibre of underwriting within the team and depth of specialist knowledge means that Hive Aero is ideally placed to provide much needed insurance cover to this sector of the market.”