Specialty insurance firm Skyward Specialty has confidentially submitted a draft registration statement with the US’s Securities and Exchange Commission (SEC) relating to an initial public offering of its stock.
The firm made the announcement in a statement but did not provide any information as to how many shares would be offered or the range of pricing. It said that the registration statement is expected to become effective after the SEC completes its review process, subject to market and other conditions.
The announcement follows a raft of others last year indicating that Skyward Specialty is looking to expand and grow its business in various areas.
In August, it announced that it had appointed several underwriters and formed new regional teams across the US, alongside appointing Jim Mormile as to lead its professional liability business. The insurer also appointed Jerome Wilson, previously of QBE North America, to expand its geographic presence with the launch of the new Southeastern Region.
2021 also saw the firm go into partnership with Corvus Insurance, begin quoting its own health business, and appointing John Burkhart to the role of president. It also began the year by acquiring Aegis Surety and selling XPro.
