Skyward Specialty Launches New Life Sciences Liability Insurance Product
Skyward Specialty Insurance Group (Nasdaq: SKWD) has announced the launch of its new Life Sciences liability coverage under its Healthcare Solutions underwriting unit. The comprehensive insurance solution addresses various exposures including products-completed operations, errors and omissions, medical professionals liability, general liability, and hired/non-owned auto liability.
The initiative is led by Julie Miglin, vice president of Life Sciences, who joined in August with over 15 years of experience from Chubb and Beazley. The coverage is specifically designed for the life sciences, nutraceutical, and cosmetic industry, with a focus on technology and AI integration. The new product will be available from November 18.
Skyward Specialty Insurance Group (Nasdaq: SKWD) ha annunciato il lancio della sua nuova copertura di responsabilità nel settore delle Scienze della Vita tramite la sua unità di underwriting Healthcare Solutions. Questa soluzione assicurativa completa affronta varie esposizioni, comprese le operazioni completate sui prodotti, errori e omissioni, responsabilità dei professionisti medici, responsabilità generale e responsabilità per auto noleggiate/non di proprietà.
L'iniziativa è guidata da Julie Miglin, vice presidente delle Scienze della Vita, che è entrata in azienda ad agosto con oltre 15 anni di esperienza in Chubb e Beazley. La copertura è progettata specificamente per le scienze della vita, i nutraceutici e l'industria cosmetica, con un focus sull'integrazione della tecnologia e dell'IA. Il nuovo prodotto sarà disponibile dal 18 novembre.
Skyward Specialty Insurance Group (Nasdaq: SKWD) ha anunciado el lanzamiento de su nueva cobertura de responsabilidad en Ciencias de la Vida a través de su unidad de suscripción Healthcare Solutions. Esta solución de seguros integral aborda diversas exposiciones, incluyendo operaciones de productos completados, errores y omisiones, responsabilidad de profesionales médicos, responsabilidad general y responsabilidad por vehículos alquilados/no propios.
La iniciativa está liderada por Julie Miglin, vicepresidenta de Ciencias de la Vida, quien se unió en agosto con más de 15 años de experiencia en Chubb y Beazley. La cobertura está diseñada específicamente para las ciencias de la vida, nutracéuticos e industria cosmética, con un enfoque en la integración de tecnología e IA. El nuevo producto estará disponible a partir del 18 de noviembre.
Skyward Specialty Insurance Group (Nasdaq: SKWD)는 Healthcare Solutions 언더라이팅 유닛을 통해 생명 과학 책임 보장의 출시를 발표했습니다. 이 포괄적인 보험 솔루션은 완성된 제품 작업, 오류 및 누락, 의료 전문가 책임, 일반 책임, 고용된/비소유 차량 책임 등 다양한 위험을 다룹니다.
이니셔티브는 15년 이상의 경력을 가진 Julie Miglin이 이끌고 있습니다. 그녀는 Chubb와 Beazley에서 경력을 쌓고 8월에 합류했습니다. 이 보장은 생명 과학, 영양 보충제 및 화장품 산업을 위해 특별히 설계되었으며 기술 및 인공지능 통합에 중점을 두고 있습니다. 새로운 제품은 11월 18일부터 제공될 예정입니다.
Skyward Specialty Insurance Group (Nasdaq: SKWD) a annoncé le lancement de sa nouvelle couverture de responsabilité dans le domaine des sciences de la vie au sein de son unité de souscription Healthcare Solutions. Cette solution d'assurance complète traite de diverses expositions, y compris les opérations de produits réalisés, les erreurs et omissions, la responsabilité des professionnels de la santé, la responsabilité civile générale et la responsabilité automobile pour des véhicules loués/non possédés.
L'initiative est dirigée par Julie Miglin, vice-présidente des sciences de la vie, qui a rejoint l'entreprise en août avec plus de 15 ans d'expérience chez Chubb et Beazley. La couverture est spécifiquement conçue pour les sciences de la vie, les nutraceutiques et l'industrie cosmétique, avec un accent sur l'intégration de la technologie et de l'IA. Le nouveau produit sera disponible à partir du 18 novembre.
Skyward Specialty Insurance Group (Nasdaq: SKWD) hat die Einführung seiner neuen Haftpflichtversicherung im Bereich Life Sciences über seine Underwriting-Einheit Healthcare Solutions bekannt gegeben. Die umfassende Versicherungslösung adressiert verschiedene Risiken, einschließlich der Fertigstellung von Produkten, Fehler und Auslassungen, Haftpflicht für medizinische Fachkräfte, allgemeine Haftpflicht und Haftpflicht für gemietete/nicht im Besitz befindliche Fahrzeuge.
Die Initiative wird von Julie Miglin, der Vizepräsidentin für Life Sciences, geleitet, die im August mit über 15 Jahren Erfahrung von Chubb und Beazley zu uns gestoßen ist. Der Versicherungsschutz ist speziell für die Biowissenschaften, Nutraceuticals und die Kosmetikindustrie konzipiert, mit einem Fokus auf Technologie- und KI-Integration. Das neue Produkt wird ab dem 18. November verfügbar sein.
- Launch of new comprehensive Life Sciences liability coverage product
- Strategic expansion into specialized life sciences market
- Experienced leadership with appointment of Julie Miglin as VP
- None.
Insights
This product launch marks a strategic expansion into the lucrative life sciences insurance market, positioning Skyward Specialty to capture market share in a high-growth sector. The comprehensive coverage bundle addressing multiple liability types shows strong market understanding and potential for premium growth. The timing aligns with increasing demand for specialized insurance products in biotech and life sciences.
The hire of Julie Miglin from industry giants Chubb and Beazley adds significant credibility and expertise. Her experience in both traditional life sciences and emerging health tech sectors suggests the product is well-designed to meet evolving market needs. The November 18 launch date provides a runway for capturing 2024 renewals.
While revenue impact won't be immediate, this move strengthens Skyward's competitive position in specialty P&C and diversifies their revenue streams. The focus on AI and technology integration in life sciences coverage demonstrates forward-thinking product development that could command premium pricing.
HOUSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.TM (Nasdaq: SKWD) ("Skyward Specialty" or "the Company"), a leader in the specialty property and casualty (P&C) market, today announced the launch of its new Life Sciences liability coverage. The strategic addition to the Company's Healthcare Solutions underwriting unit offers comprehensive and adaptable protection specifically tailored to meet the unique needs of the life sciences industry.
The life sciences sector often encounters complex risks that require specialized insurance solutions and deep industry expertise. Skyward Specialty's Life Sciences liability coverage delivers a holistic approach that combines best-in-class underwriting and in-house claims management to address a wide range of exposures, including products-completed operations liability, errors and omissions liability, medical professionals liability, general liability and hired/non-owned auto liability.
Julie Miglin, vice president of Life Sciences, joined the Company in August and is leading the new solution. With more than 15 years of experience, including roles at Chubb and Beazley, Julie brings extensive expertise in the Life Sciences and Health Technology sectors. Under her leadership, Skyward Specialty aims to establish itself as a leader in the life sciences liability market.
"Our new life sciences insurance product reflects our commitment to supporting innovation in the life sciences, nutraceutical and cosmetic industry," said Miglin. "As these industries increasingly integrate technology and AI into its products and services, our solution stands at the forefront of this evolution. We’ve created our coverage to not only address current industry demands but also anticipate future trends, ensuring that companies are well-equipped to adapt and thrive."
President of Professional Lines at Skyward Specialty, Jim Mormile, added, "Expanding our Healthcare Solutions unit to serve the cutting-edge life sciences market aligns perfectly with our strategy to deliver innovative solutions to highly specialized sectors. The exceptional talent and leadership that Julie and her team bring to the table will enhance our ability to provide the tailored coverage and expertise these clients require."
The new Life Sciences solution will be available beginning Monday, November 18.
About Skyward Specialty
Skyward Specialty 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 stable outlook by A.M. Best Company. For more information about Skyward Specialty, its people, and its products, please visit skywardinsurance.com.
Media Contact
Haley Doughty
Skyward Specialty Insurance Group
713-935-4944
hdoughty@skywardinsurance.com
Investor Contact
Natalie Schoolcraft
Skyward Specialty Insurance Group
614-494-4988
nschoolcraft@skywardinsurance.com
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