Skyward Specialty Insurance Group, Inc., a division of Skyward Group, has launched a new specialized power generation insurance solution for small and medium-sized entities.
The launch further diversifies the company’s existing product portfolio and expands product offerings to meet the evolving needs of power producers and brokers across the United States.
Skyward Specialty’s new power generation solutions provide tailored coverage for a wide range of power assets, supporting risk throughout the asset lifecycle.
The solution complements the company’s renewable energy initiatives and provides power producers and brokers with specialized capabilities to lead or meaningfully participate in complex generation accounts.
The product is designed to address critical coverage gaps for a variety of customers, including small and mid-sized power plants, municipal and cooperative utilities, battery energy storage systems, industrial and utility microgrids, operations and maintenance contractors, and facilities focused on renewable and alternative energy.
Generation products allow brokers to construct coverage that is precisely aligned with modern methods of constructing, operating and financing power assets.
“Modern power facilities are more technologically complex, more interconnected, and more expensive to repair,” said Rob Roberts, President of Industry Solutions at Skyward Specialty. “As power demand continues to grow, our team’s deep industry expertise combined with flexible, rigorous underwriting helps close the underwriting gap for today’s most complex power assets by providing a full line of property and casualty solutions.”
“Expanding into power generation further strengthens our ability to provide specialized customized solutions and advances our strategy to dominate complex niche areas that cannot be catered for by standard solutions.”