Skyward targets transactional surety expansion with insurtech Propeller
Skyward Specialty Insurance Group, a specialty property and casualty (P&C) insurer, has partnered with insurtech managing general agency (MGA) Propeller to expand its transactional surety offering.
Skyward seeks to enhance its transactional commercial and subdivision surety writings using Propeller, an online platform that provides a white-label URL to automate the surety bond process for customers and agents.
The partnership will expand Skyward Specialty's market reach as it scales the surety division's capabilities nationally.
"Strong agency partnerships are vital to our success, and we look forward to growing with Propeller as our Surety Division becomes a force in transactional commercial surety," said Chris Gagnon, vice president, head of commercial surety. "With our existing Tinubu eSurety partnership combined with Propeller's platform, we integrate cutting-edge technology in the most competitive sector of the surety industry that allows us to adjust with the market instantly."
Chris Kolger, Propeller's co-founder and chief operations officer, said: "This partnership is a perfect example of automation meeting appetite. Skyward Specialty's forward-thinking model will allow us to significantly expand our subdivision and cannabis capabilities, which will provide a much-needed spark to the industry."
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