Skyward Specialty eyes the public market
Skyward Specialty , a specialty P&C insurer, announced that it has submitted a draft registration statement on Form S-1 with the SEC relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The registration statement is expected to become effective after the SEC completes its review process, subject to market and other conditions.
Skyward, formerly Houston International Insurance Group (HIIG), is an insurance holding company based in Houston, Texas with assets of more than $1 billion and shareholders’ equity of more than $325 million.
According to Coverager Data, Skyward is working with technology partners Propeller Bonds and Snapsheet and it has underwriting partnerships with Curotech Specialty , reThought Flood and Corvus Insurance .