Skyward Specialty and eMaxx Power Up Alternative Energy Warranty Products with an Expanded Captives Partnership
03 Octobre 2023 - 2:30PM
Skyward Specialty Insurance Group, Inc.™ (NASDAQ: SKWD)
("Skyward Specialty") a leader in the specialty property and
casualty (P&C) market, and eMaxx, a tech-enabled specialty
provider of commercial P&C insurance captive solutions and
programs, announced the expansion of their captives partnership.
Skyward Specialty will provide strategic support and
additional capacity for eMaxx’s innovative variable Alternative
Energy Warranty Products captive solutions.
eMaxx’s suite of warranty solutions support manufacturers,
developers, and owners of renewable, alternative, and
energy-efficiency projects by providing an insurance-backed
captives solution covering product and performance shortfalls. The
partnership will provide the captive participants with access to
risk capital and best in class technical engineering-based
underwriting and risk management to mitigate performance risk and
improve the strength of manufacturer and contractor warranties.
“If the transition to a greener economy is going to be
successful, the market needs superior risk management opportunities
to protect the businesses driving the transition forward. eMaxx’s
solutions do just that and have a track record for strong
historical loss performance,” said Kirby Hill, President Industry
Solutions Programs and Captives. “We are thrilled to be in a
position to expand our alternative energy portfolio and provide the
confidence and protection companies need to innovate and develop
the rapidly evolving renewable energy landscape.”
“The recent regulations published by the Internal Revenue
Service relating to the Inflation Reduction Act are increasing
demand for Alternative Energy Warranty Products,” said Kevin
Kaminski, Senior Vice President, Underwriting. “The strategic
relationship we have with Skyward Specialty Insurance, the
financial strength and capacity they provide, combined with eMaxx’s
deep expertise and underwriting experience for securing projects
performance will further increase and accelerate investors and
project owners’ confidence to undertake alternative and renewable
energy projects.”
The Alternative Energy Warranty captive solutions will be
available throughout the United States and Canada.
About Skyward SpecialtySkyward Specialty
(NASDAQ: SKWD) is a rapidly growing and innovative specialty
insurance company, delivering commercial property and casualty
products and solutions on a non-admitted and admitted basis. The
Company operates through eight underwriting divisions -- Accident
& Health, Captives, Global Property & Agriculture, Industry
Solutions, Professional Lines, Programs, Surety and Transactional
E&S.
Skyward Specialty's subsidiary insurance companies consist of
Houston Specialty Insurance Company, Imperium Insurance Company,
Great Midwest Insurance Company, and Oklahoma Specialty Insurance
Company. These insurance companies are rated “A- (Excellent)” with
a positive outlook by A.M. Best Company. For more information about
Skyward Specialty, its people, and its products, please
visit skywardinsurance.com.
About eMaxxeMaxx Assurance Group of Companies,
Inc. tech-enabled specialty provider of commercial property and
casualty insurance programs that has four operating companies. The
companies include: eMaxx Insurance Services, LLC (Insurance Program
Administrator), eCaptiv (Vermont Domiciled Captive Insurance
Company), eRisk Solutions, LLC (Loss Prevention / Safety, Claims
Investigational & Oversight, and Litigation Management) and
eTech Services, LLC (Loss Expense Reducing Technology Systems and
Platforms including Telematics Exchange and eLive Connect). More
information can be found at: https://www.emaxxgroup.com.
ContactsRyan BurkeVice President, Programs,
Skyward Specialtyrburke@skywardinsurance.com
Business Development Kevin KaminskiSr. Vice President,
Underwriting, eMaxxkkaminiski@emaxxgoup.com 978-531-1822 x 304
MediaMegan McCarthyVice President, Strategic
Relations, eMaxxmpmccarthy@emaxxgroup.com978-531-1822 x 360
Haley DoughtyCommunications Director, Skyward
Specialtyhdoughty@skywardinsurance.com713-935-4944
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