Skyward Specialty enters mortgage market

Specialty insurance company Skyward Specialty announced its entry into the mortgage (re)insurance market.

In support of this new venture, Jean-Philippe “JP” Latour joined the company as senior vice president in May 2024. Latour brings with him a wealth of expertise, having begun his insurance career with Arch in 2013, where he played a pivotal role in developing reinsurance solutions for the primary mortgage market and government-sponsored enterprises. More recently, Latour led Vantage Risk’s entry into the Mortgage Reinsurance market. Prior to his career in insurance, Latour worked in banking and capital markets, specializing in mortgage banking, securitization, and interest rate risk management.

The mortgage (re)insurance unit is the company’s second reinsurance unit following its entry into the Global Agriculture market in 2023.

“We have received an incredible response from the GSEs, primary insurers and the brokerage community in this market. JP is a known and respected executive and technician in this market. We are fortunate to have him lead this new unit. Our entry into this market is part of our broader effort to build a well-diversified portfolio where we can execute our Rule Our Niche strategy and is a natural next step as we further diversify our portfolio towards markets that are less exposed to the P&C cycles. We will continue to evaluate (re)insurance opportunities in very focused niches where we believe the core tenets of our strategy can be applied to create shareholder value and to build durable and defensible positions in our chosen markets.” – Andrew Robinson, chairman and CEO.