Skyward Specialty Launches Innovative Power Generation Insurance Solution

Skyward Specialty Insurance Group, a leading entity in the specialty property and casualty (P&C) insurance market, has launched a new Power Generation insurance solution tailored for small to mid-sized power producers and brokers in the United States. This strategic initiative aims to expand Skyward's capabilities in the evolving energy sector, addressing coverage gaps in power assets that necessitate sophisticated risk management solutions, thereby strengthening its market position.

The new offering comprehensively caters to various power assets, including small power plants, municipal utilities, battery storage systems, industrial microgrids, and renewable facilities. Skyward Specialty ensures full support for risks throughout the life cycle of these assets, providing custom-tailored coverage that aligns with modern regulatory compliance requirements and operational demands.

Industry Expertise and Strategic Expansion

Rob Roberts, President of Industry Solutions at Skyward Specialty, highlighted the initiative's significance, noting, "Modern power facilities are technologically complex and increasingly expensive to maintain. Our focused underwriting and industry expertise allow us to close coverage gaps, delivering a comprehensive property and casualty solution." With its diverse underwriting divisions covering Accident & Health, Agriculture, Credit (Re)insurance, and more, Skyward Specialty leverages its industry knowledge to meet the regulatory and compliance needs of the energy sector.

Rated A (Excellent) by A.M. Best Company, Skyward Specialty operates trusted branches like Houston Specialty Insurance Company and Imperium Insurance Company. Listed on the Nasdaq Global Select Market, the company continues to solidify its top-tier market standing. For further details, visit Skyward Specialty’s website at www.skywardinsurance.com.