Skyward Specialty Insurance
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In addition, Westaim COO Robert Kittel also resigned from Skyward’s board while Tony Kuczinski was named lead independent director. -
The offering sold 3.6mn shares priced at $30.50 apiece and brought in approximately $104.9mn.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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With the fundraising, Skyward will capitalize on market opportunities within existing lines of business, but also continue to expand into new products.
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CEO Robinson said Skyward continues to see “strong submission activity” as business flow rose over 20% year-on-year.
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The Inside P&C news team runs you through the earnings results for the day.
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The carrier has appointed Scott Bailey as vice president of field operations for contract surety, among seven recent hires.
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The alternative energy warranty captive solutions will be available throughout the United States and Canada.
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The upgrade follows a period of underwriting volatility, with management instituting several initiatives to refine underwriting focus and risk selections as a specialty lines writer.
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Skyward saw 15%-20% risk-adjusted rate increases during its property cat renewals as its attachment point rose to $12mn from $10mn the year before.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The Inside P&C news team runs you through the earnings results for the day.
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