Rokstone, the international specialty re/insurance managing general agent (MGA) under Aventum Group, has announced a new mid-market aviation program set to launch on April 1.
The program will provide brokers across the United States with access to Lloyd’s capacity, expanding Rokstone’s aviation underwriting capabilities.
Supported by A-rated capacity from Lloyd’s insurer Tokio Marine Kiln, the program will offer coverage for general aviation, aviation general liability, airport liability, and product manufacturers’ liability across all US states. The coverage includes US$10 million in hull capacity and $50 million for liability.
The mid-market aviation program complements Rokstone’s existing SME and light aircraft facility, which was introduced last year with Allianz backing. With this expansion, the company said that it aims to broaden its reach in the aviation insurance market and offer US brokers access to Lloyd’s.
Jordan Lanford, global head of aviation at Rokstone, said the move was a natural progression for the company’s aviation division, allowing it to extend its market presence while maintaining its focus on underwriting expertise and technology.
Lanford himself was one of the firm’s notable expansions in the market; the Atlanta-based head was tapped to oversee Rokstone’s aviation team and portfolio in 2023, initially focusing on North America and advancing the MGA's existing portfolio in the Middle East.
Over the past year, the US aviation re/insurance sector has experienced notable growth, influenced by increasing air travel demand and evolving risk factors.
The market has demonstrated steady expansion. In 2024, the North American aviation insurance market was valued at approximately US$1.846 billion, with the US contributing around US$1.456 billion. Projections indicate a compound annual growth rate (CAGR) of 3.8% for the US market from 2024 to 2031, according to Cognitive Market Research.
Post-pandemic recovery has led to a surge in air travel, necessitating comprehensive insurance coverage for both commercial and general aviation sectors. Meanwhile, the integration of advanced technologies in aircraft design and operations has introduced new risk profiles, prompting the need for specialized insurance products.
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