Skyward Specialty Insurance Group, Inc., a leading player in the specialty P&C market, and eMaxx, a tech-enabled specialty provider of commercial P&C insurance captive solutions and programs, have come together to expand their captives partnership.
This extended partnership aims to leverage Skyward Specialty’s support and additional capacity to enhance eMaxx’s innovative variable Alternative Energy Warranty Products captive solutions.
These solutions benefit manufacturers, developers, and owners of renewable, alternative, and energy-efficiency projects by providing insurance-backed captives covering product and performance issues.
Moreover, this collaboration will provide captive participants with access to risk capital and top-tier technical engineering-based underwriting and risk management. This will help mitigate performance risk and strengthen warranties from manufacturers and contractors.
The Alternative Energy Warranty captive solutions resulting from this partnership will now be accessible throughout the United States and Canada.
The partnership’s expansion aligns with the growing demand for renewable energy solutions and the need for robust risk management options in this evolving industry.
Kirby Hill, President Industry Solutions Programs and Captives, said, “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.
“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.”
Kevin Kaminski, Senior Vice President, Underwriting, commented, “The recent regulations published by the Internal Revenue Service relating to the Inflation Reduction Act are increasing demand for Alternative Energy Warranty Products.
“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.”
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