Skyward Specialty Insurance

The company disclosed its IPO intentions early Tuesday saying the number of shares to be offered and the price range for the proposed offering have not yet been determined.

The new offerings target non-standard non-profit condominium and homeowner associations.

Brewer will serve as commercial surety VP, while Kearney will oversee Skyward’s E&S general liability team.

The carrier’s underlying loss ratio, excluding the effects of catastrophes and prior-year developments, improved to 63% in Q3 from 68.8% the previous year.

Houston-based Skyward Specialty now offers D&O and E&O coverage for cannabis companies in a move to tap the growing market.

The hires mark Skyward’s latest expansion in the line, after the carrier acquired the $30mn-premium Aegis Surety business from MGA-consolidator K2 Insurance Services in January.

Speakers and panelists pondered the future – specifically InsurTechs, social inflation and low investment yields.

Skyward Specialty has formed a partnership with flood MGA reThought to provide up to $20mn of per risk primary and excess capacity for a broad range of classes, the companies announced on Tuesday.

Skyward Specialty Insurance Group has hired a pair of healthcare professional liability underwriters, in a move that follows that arrival of QBE executive John Burkhart as specialty lines president in January.