Aviva’s US Specialty Insurance Initiative
Aviva has officially launched its US specialty insurance business, aiming to establish a surplus lines operation. Property underwriting will commence in Q4 2026, leveraging open-market brokers and partnerships with program administrators.
Key Highlights:
- Platform Overview: Named Aviva Specialty, the New York-based operation will initially focus on commercial property risks, with future plans to expand into cyber, specialty financial lines, and casualty.
- Strategic Development: The new platform will operate on Aviva Insurance Limited paper, providing nationwide capabilities. Built on a partnership-led model, it integrates seasoned specialty underwriting with a modern technology-enabled operating system.
- Management Insight: Mike Karmilowicz, the appointed president of Aviva Specialty, emphasized the platform’s tailored design to meet current market demands, allowing for agile underwriting and exceptional service.
Broader Expansion Goals
Aviva’s US launch coincides with a global expansion strategy for its Corporate & Specialty division. The initiative reflects the company’s commitment to tapping into the substantial US domestic market while enhancing its existing operations, including a presence in Canada and the London market.
Jason Storah, CEO of UK & Ireland General Insurance at Aviva, stated that the US represents a growth opportunity where the company aims to establish itself as a reliable specialty insurance partner.
