Skyward Specialty Insurance Group Inc. has made a strategic move into the aviation insurance sector with the acquisition of Acceleration Aviation Underwriters Inc.’s assets. This acquisition has led to the launch of a new Aviation underwriting unit, marking a significant development for the property and casualty insurer.
Chris Jones, the founder of Acceleration Aviation Underwriters, expressed his enthusiasm for this milestone, stating that it is the culmination of their team’s long-standing career in the industry. The move is expected to enhance Skyward Specialty’s capabilities in offering tailored insurance solutions for the aviation sector.
The newly established Aviation underwriting unit will leverage the expertise of both Skyward Specialty and Acceleration Aviation Underwriters to provide comprehensive coverage options for aviation-related risks. This expansion aligns with Skyward Specialty’s commitment to diversifying its portfolio and meeting the evolving needs of its clients.
By entering the specialized aviation market, Skyward Specialty aims to tap into new opportunities for growth and strengthen its position as a key player in the insurance industry. The company’s strategic acquisition and launch of the Aviation underwriting unit demonstrate its proactive approach to expanding its offerings and enhancing its competitive edge.
This development is likely to have a positive impact on Skyward Specialty’s market presence and could attract interest from aviation industry stakeholders seeking reliable insurance solutions. It also underscores the company’s commitment to innovation and strategic growth initiatives in response to changing market dynamics.
In conclusion, Skyward Specialty’s entry into the aviation underwriting market through the acquisition of Acceleration Aviation Underwriters’ assets marks a significant milestone for the company. The launch of the new Aviation underwriting unit is expected to strengthen Skyward Specialty’s position in the insurance sector and offer enhanced services to clients in the aviation industry.
References:
1. ReinsuranceNe.ws. “Skyward Specialty launches new Aviation underwriting unit.” Link: https://www.reinsurancene.ws/skyward-specialty-launches-new-aviation-underwriting-unit/
2. BestWire RSS feed | AM Best. “Skyward Specialty Acquires Partner Acceleration Aviation’s Assets, Launches New Unit.” Link: https://validate.perfdrive.com/cbb649646ef9d41d5fd7ce892b35277d/?ssa=1b4d7108-6a64-47d6-ba45-0342e2a04783&ssb=72418269982&ssc=https://news.ambest.com/newscontent.aspx?AltSrc%3D23%26RefNum%3D266420&ssi=97f513f6-cabj-4672-b12d-b828a630f2f7&ssk=bo****************@*****re.com&ssm=30309549189327602106946073178111&ssn=a301797857f6b67fe526a71f7e0776ff398970ff852e-c5ad-4fbd-b2b949&sso=f818b9bb-a4d10039013c92e7f6f1745f87bba812d2f65fe5ac07820c&ssp=13531281511748906313174893150565570&ssq=65547137926073481699979260151757880200105&ssr=MTk4LjIzLjE1Ni44Mg==&sst=Python/3.8+aiohttp/3.10.11&ssu=&ssv=&ssw=&ssx=eyJfX3V6bWYiOiI3ZjYwMDBmZDBkNjYwZC1mNzllLTQ1ZWUtOTQzYS00MDQ1MTU0ZTBkYTAxNzQ4OTc5MjYwNjI5MC03Y2QyYzVmNjAyOGQ1ZWFiMTAiLCJ1em14IjoiN2Y5MDAwYjhjYjlmYzMtMjNkNi00NmNlLWI1ZTYtM2M3ZDFjZDMxYmU4MS0xNzQ4OTc5MjYwNjI5MC1lMDMzNzYwN2VlNzdhOTcyMTAiLCJyZCI6ImFtYmVzdC5jb20ifQ==
