NEW YORK – Jan. 11, 2019 – The Amynta Group, an industry leading group of warranty, managing general agent and specialty risk companies, today announced that it has acquired Beacon Aviation Insurance Services, a Workers’ Compensation Program Manager specializing in workers’ compensation insurance coverage for the general aviation industry. Terms of the transaction were not disclosed.
Amynta CEO Stuart Hollander commented, “Beacon has developed a strong reputation in the aviation industry for its extensive expertise and ability to solve unique risk management problems.”
Beacon’s General Aviation Insurance Program began in 2010 and has grown to more than $20 million of workers’ compensation premium in 45 states. Based in Sarasota, Florida, Beacon’s experience and expertise in providing workers’ compensation coverage and risk-management solutions extends to a full range of general aviation businesses.
Ray Neff, CEO of Beacon, said, “Beacon has grown substantially in a relatively short time. We look forward to partnering with The Amynta Group to continue the momentum and take our business to the next level.”
Beacon represents insurance companies that understand and like the general aviation industry. Beacon offers quick, personalized, service that adds value to brokers and policyholders.
Hollander concluded, “Adding Beacon to the Amynta team of companies strengthens our dynamic portfolio of protection products and will help increase market penetration. I anticipate further growth through more acquisitions like Beacon, who provide aviation industry or other specialty solutions, as we continue to become even more diversified and offer greater appeal to our growing customer base.”
About The Amynta Group
The Amynta Group is an industry-leading group of warranty, managing general agent and specialty risk companies. This collection of professionals and firms provides warranty and services contracts for the automotive, consumer products and specialty equipment industries, among others, and administers niche workers’ compensation and contractor liability coverage in North America, Europe and Australia. The Amynta name is derived from antiquity and means “protector,” which underscores the company’s focus and commitment to bringing industry leading products and services to its wide range of clients and customers. Amynta plans to invest in growing and maintaining its market leading position with a focus on ensuring a high performing work culture, product innovation and market expansion. For more information, please visit amyntagroup.com.
About Beacon Aviation Insurance Services (www.beaconais.com)
Beacon Aviation Insurance Services, Inc. is an insurance Program Manager based in Sarasota, Florida. Their specialty is insurance for the general aviation industry. The insurance coverage that they underwrite on behalf of their insurance company partners is distributed primarily through aviation specialty agencies and other select agencies throughout the United States.
The company is focused on Workers’ Compensation for Fixed Base Operators (FBOs), municipal airports, flight schools, charter operations, avionics, Maintenance Repair and Overhaul operations (MROs) and companies that own or operate corporate business jets.
The Amynta Group Media