Skyward Specialty Insurance Group, Inc., part of Skyward Group, has launched its new specialised Power Generation insurance solution for small to mid-sized entities.
This launch further diversifies and complements the company’s existing portfolio, which broadens its offerings to address the changing demands of power producers and brokers throughout the US.
Skyward Specialty’s new Power Generation solution delivers tailored coverage for a broad range of power assets, supporting risks throughout the asset lifecycle.
The solution complements the company’s Renewable Energy program and provides power producers and brokers with purpose-built capacity that can lead or meaningfully participate in complex power generation accounts.
This offering is designed to address critical coverage gaps for a diverse range of clients, including small to 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 power.
The Power Generation product allows brokers to structure coverage that is precisely aligned with the modern methods of building, operating, and financing power assets.
Rob Roberts, president of Industry Solutions, Skyward Specialty, said: “Modern power facilities are more technologically complex, highly interconnected and increasingly expensive to repair. As the demand for power and electricity continues to grow, our team’s deep industry expertise, combined with nimble, disciplined underwriting, helps close the coverage gap for today’s most sophisticated power assets by providing an all-lines property and casualty solution.
“Expanding into Power Generation further strengthens our ability to deliver specialized, customized solutions and advances our strategy to rule in complex niche areas where standard solutions fall short.”
