Skyward Specialty Insurance
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The Insurance Insider US news team runs you through the earnings results for the day. -
It is understood that the cyber InsurTech has ~$100mn of excess delegated authority capacity and around 20 backers.
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Intact Insurance’s Regina Williams and Sandi McIntosh joined the new team in December.
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The Aspen IPO provides an opportunity to benefit from the specialty market without commensurate prior-year reserve risks due to an LPT cover.
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Over a 40-year career, the executive has held numerous high-level positions in the insurance and investment industries.
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In addition, Westaim COO Robert Kittel also resigned from Skyward’s board while Tony Kuczinski was named lead independent director.
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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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