Skyward Specialty Insurance Group, Inc., a leader in the specialty property and casualty (P&C) insurance market, has introduced its new Life Sciences liability coverage.
The new product aims to address the increasing demand for specialised insurance solutions in the life sciences sector.
This industry faces complex risks tied to innovation, emerging technologies, and evolving regulatory landscapes. Skyward Specialty’s latest offering reflects its commitment to delivering precise coverage that aligns with these unique challenges.
Skyward Specialty excels in providing customised insurance solutions, blending in-depth market expertise with cutting-edge product development.
Its offerings span various industries, with a focus on tailoring coverage for niche and evolving markets, such as healthcare, technology, and more.
The Life Sciences liability coverage provides comprehensive protection for a range of industry exposures.
Key coverage areas include products-completed operations liability, errors and omissions liability, medical professionals liability, general liability, and hired/non-owned auto liability. The product combines robust underwriting with in-house claims management to ensure streamlined support for clients.
The new solution is spearheaded by Julie Miglin, vice president of Life Sciences, who joined Skyward Specialty in August. Miglin brings over 15 years of industry experience, including leadership roles at Chubb and Beazley. Her expertise in life sciences and health technology positions the Company to become a leading provider in this space.
“Our new life sciences insurance product reflects our commitment to supporting innovation in the life sciences, nutraceutical and cosmetic industry,” said Julie 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, 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 specialised 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.”
Copyright © 2024 InsurTech Analyst