Skyward Specialty & eMaxx expand partnership
Skyward Specialty Insurance Group and eMaxx, a tech-enabled specialty provider of commercial P&C insurance captive solutions and programs, have 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.
