Skyward Specialty Insurance Group, Inc. reports developments for a specialty property and casualty insurance group operating through U.S. Skyward Specialty operations and Apollo's Lloyd's platform. News commonly covers quarterly operating results, gross written and managed premiums, combined ratios, investment performance, and segment reporting across the Skyward Specialty segment, the Apollo segment, and corporate functions.
Company updates also describe product and underwriting expansion in specialized lines such as E&S property, power generation, renewable energy, life sciences, accident and health, agriculture and credit, professional lines, specialty programs, surety, and transactional E&S. Governance items include board composition and public-company oversight.
Skyward Specialty Insurance Group has priced its upsized IPO at $15.00 per share, offering a total of 8,952,383 shares—4,750,000 from the company and 4,202,383 from selling shareholders. The offering is set to close around January 18, 2023, with shares beginning to trade on Nasdaq under ticker symbol SKWD on January 13, 2023. Funds from the offering will enhance capitalization and allow for further investments in its insurance subsidiaries. Underwriters include Barclays and Keefe, Bruyette & Woods.
Skyward Specialty Insurance Group announced its initial public offering (IPO) on January 4, 2023, offering a total of 4,750,000 shares from the company and 3,750,000 shares from existing stockholders, with an additional 1,275,000 shares available through underwriters. The expected IPO price ranges from $14.00 to $16.00 per share, trading under the ticker symbol SKWD on Nasdaq. Proceeds will enhance capitalization and financial flexibility, contributing to growth in its insurance subsidiaries. The company will not receive proceeds from the selling stockholders.