Skyward Specialty Insurance
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Skyward’s surety book grew over 50% in Q1 after the company invested in a new surety platform with industry analytics. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The specialist’s ex-cat LR improved 2.4 points to 61.1% benefitted by the continued run-off of exited lines and the shift in the mix of business.
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The Fidelis IPO has no clear precedent, but there is an appetite for investment in the specialty space, as seen earlier this year with the Skyward public listing.
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Tran also previously held various leadership roles at Tokyo Marine Kiln, XL Catlin, and Catlin Group.
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Those two lines, along with transactional E&S and captives, generated gross written premium growth of over 35% in the fourth quarter of 2022.
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The carrier’s Q4 underwriting results benefited from a shift in the mix of its portfolio, continued run-off of some exited businesses and lower catastrophe losses.
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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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Skyward shares shot up over 27% this morning to $19.15 per share, a development which will likely be closely watched by some carriers with IPO aspirations.
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The flotation is expected to close around 18 January.
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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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A total of 9.775 million shares will be offered, priced between $14 and $16.
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