Skyward Specialty Launches Power Generation Insurance for Energy Producers

Houston-based Skyward Specialty Insurance Group, Inc. (Nasdaq: SKWD) has launched an innovative Power Generation insurance product, targeting small to mid-sized energy producers and brokers across the United States. This strategic introduction aims to meet evolving market demands and enrich Skyward's portfolio within the specialty property and casualty insurance industry.

The newly unveiled product offers specialized insurance coverage for a range of power generation assets, including small to mid-sized power plants, municipal utilities, battery storage systems, and renewable facilities. This initiative aligns with Skyward's existing Renewable Energy program, offering comprehensive support throughout the lifecycle of power assets, addressing critical regulatory compliance requirements and risk management needs.

Expertise and Strategic Expansion

Rob Roberts, President of Industry Solutions at Skyward Specialty, emphasized the growing complexity and technological advancements within modern power facilities. “As the demand for power and electricity increases, our team's deep industry expertise, paired with agile underwriting, bridges the coverage gap for today's sophisticated power assets,” Roberts noted. This product introduction is essential for brokers structuring insurance coverage that aligns with the operational and financial realities of power assets.

Skyward Specialty operates across multiple underwriting divisions, including Accident & Health, Global Property, and Specialty Programs, providing solutions on both admitted and non-admitted bases. The company’s subsidiaries, such as Houston Specialty Insurance Company and Imperium Insurance Company, boast an A (Excellent) rating with a stable outlook from A.M. Best, reflecting robust financial stability and regulatory compliance.

The Skyward Group consists of U.S. and international businesses, offering specialized insurance solutions in the global specialty P&C markets. This strategic focus on niche, complex risks underpins sustainable growth and value creation for shareholders and partners.

For further insights, stakeholders are encouraged to contact Skyward Specialty's media representative, Haley Doughty, or reach out to investor relations contact, Kevin Reed.