US-based insurance coverage brokerage Acrisure has launched Acrisure Aerospace, a brand new division designed to satisfy the precise wants of the aerospace business.
The division consolidates a number of Acrisure companies, with Jason Riley on the helm as managing associate.
Acrisure Aerospace goals to offer purchasers with complete aviation options by leveraging US, London and worldwide aerospace insurance coverage markets.
Primarily based in Fort Price, Texas, Riley has greater than twenty years of expertise in aerospace insurance coverage.
He beforehand led Halton Corridor & Associates, an Acrisure Accomplice with a 60-year legacy in aviation danger administration.
Halton Corridor & Associates is among the many entities which have united to type the brand new division.
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Riley is supported by Barry Dowlen, head of development, and Debi Fleischer, head of operations, as a part of the Aerospace management crew.
Acrisure Aerospace will monitor numerous traits affecting the aviation sector and collaborate with purchasers to develop options that handle danger and cater to their enterprise necessities.
Acrisure co-founder, chairman and CEO Greg Williams mentioned: “The aerospace business has seen unprecedented danger and alternative lately. Acrisure is doubling down on our experience and talent to serve these purchasers, whose wants are sometimes advanced and multifaceted.”
Riley added: “From scholar pilots buying their first plane to industrial flight operations to advanced dangers similar to airways and producer merchandise legal responsibility, Acrisure Aerospace is a trusted useful resource with a relentless give attention to shopper service for any shopper with aviation publicity.
This initiative is a part of Acrisure’s broader technique, which not too long ago noticed the creation of a Mid-Atlantic area, incorporating its companies throughout 5 states.
The corporate’s rebranding efforts in 2023 have included a number of areas, with plans to proceed in 2024.
Stories from June 2023 counsel that Acrisure is contemplating an preliminary public providing in 2024, doubtlessly valuing the corporate at greater than $20bn.
This follows a profitable funding spherical in 2022, the place Acrisure secured $725m at a $23bn valuation, with contributions from traders such because the Abu Dhabi Funding Authority.
