US insurer Skyward Specialty files for IPO

Property/casualty insurer  Skyward Specialty Insurance Group has filed for a proposed initial public offering (IPO) as it plans to go public.

The Houston-based insurer said Monday that it has filed a registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) relating to a proposed IPO of shares of its common stock.

The move follows its  announcement in April-end that it has filed a draft registration statement with the SEC.

The number of shares to be offered and the price range for the proposed offering have not yet been determined.

Skyward Specialty plans to list its common stock on the Nasdaq Global Select Market under the

ticker symbol “SKWD.”

Barclays Capital and Keefe, Bruyette & Woods are acting as joint lead book-running managers for the proposed offering. Piper Sandler & Co., JMP Securities, Truist Securities, and Raymond James & Associates are acting as joint book-running managers for the proposed offering.

Academy Securities and Siebert Williams Shank & Co. are acting as co-managers for the proposed offering, which will be made only by means of a prospectus.

Skyward offers commercial property and casualty products and solutions on a non-admitted and admitted basis.

Skyward’s subsidiary insurance companies consist of Houston Specialty Insurance Company, Imperium Insurance Company, Great Midwest Insurance Company, and Oklahoma Specialty Insurance Company. These insurance companies are rated A- (Excellent) by AM Best Company.

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