Skyward Specialty Expands Healthcare Appetite with Rebrand and Adds Individual Provider Coverage
18 9월 2023 - 9:00PM
Skyward Specialty Insurance Group, Inc.™ (NASDAQ: SKWD)
("Skyward Specialty" or "the Company") a leader in the specialty
property and casualty (P&C) market, announced it is expanding
its coverages in the healthcare sector adding a new solution
catering to the distinct needs of E&S individual providers,
including physicians.
The healthcare landscape continues to present new challenges and
opportunities for healthcare professionals, especially for
individual providers and physicians. The demand for this type of
coverage has outpaced the insurance market’s capacity and
capabilities, resulting in a growing need for bespoke solutions for
healthcare professionals.
“We understand the critical role that individual providers and
physicians play in the healthcare ecosystem. Through conversations
with our brokers and industry partners we recognized there was a
significant gap in the market that we are in a position to
address,” said Sarah Logue, senior vice president, Healthcare
Solutions.
Additionally, the nation is facing an unprecedented shortage of
individual providers and physicians with fewer healthcare
professionals entering the market and experienced professionals
leaving the market due to costly malpractice suits and rising costs
of litigation. Many practitioners have difficulty obtaining
tailored solutions due to their history and often are left with
limited coverage options and even fewer carriers to turn to.
“We believe that by addressing the needs of this underserved
market, we are providing peace of mind for practicing professionals
while also supporting the growth and success of healthcare
professionals across the country,” said Logue.
The Company’s newly named Healthcare Solutions underwriting
unit, formerly known as Allied Health, was established in 2021.
Since that time the Company has taken bold steps to reach
underserved markets beyond the traditional Allied Health scope.
John Burkhart, president of Specialty Lines at Skyward
Specialty, commented “When we brought Sarah Logue and her team on,
we knew we were ushering in a new phase of growth in this sector.
And now, just one year later, we are launching Healthcare Solutions
with new investments in talent and innovative solutions that will
have a real impact on the marketplace and place us fully on a path
to expand our current solutions and set us up for opportunities to
come.”
The Healthcare Solutions team will begin accepting submissions
for Individual Provider coverage on Monday, October 2.
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.
Media ContactHaley DoughtySkyward Specialty
Insurance Group713-935-4944hdoughty@skywardinsurance.com
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