Skyward partners with reThought to enhance flood coverage
Skyward Specialty Insurance Group, the specialty property and casualty insurer, has formed a new partnership with reThought Insurance Corporation, a technology and underwriting company.
reThought has developed what it claims to be the industry’s most sophisticated proprietary flood risk assessment technology, which now combines with Skyward’s commercial property experience.
reThought’s proprietary underwriting methodology and risk assessment technology allows users to visualise, assess, underwrite and price commercial flood coverage for complex risks. Coverage is available through a select group of partner distributors, for a broad range of classes, with primary and excess limits of up to $20 million per risk and $100 million for replacement values available.
Andrew Robinson, chief executive officer (CEO) of Skyward Specialty, said: “Through our partnership with reThought, we can provide our brokers and commercial property owners with a market-leading risk transfer solution for their flood exposures.”
Cory Isaacson, CEO at reThought, said: “We have the most advanced data and technology solution to understand, price, and deliver insurance products for commercial flood risk – we are now at an inflection point to serve this market at a time when the need is greatest and existing insurance options are insufficient.”
He called Skyward Specialty “a genuinely unique partner that can understand and amplify the power of the solutions we have built.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze