Skyward Specialty files for IPO

Skyward Specialty Insurance Group Inc. said Monday it has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission on its plan to go public.

The Houston-based insurer announced in April that it had filed a draft registration with the SEC for its proposed IPO.

Skyward said in its statement Monday that the number of shares to be offered and their price range have not yet been determined. It said it plans to list its common stock on the Nasdaq Global Select Market under the ticker symbol “SKWD.”

Skyward writes on an admitted on nonadmitted basis through eight underwriting divisions: accident and health, captives, global property, industry solutions, professional lines, programs, surety and transactional excess and surplus.

 A total of 52% of its business was nonadmitted for the nine months ended Sept. 30, according to the S-1. It had total gross written premiums for continuing business of $874.7 million.

Its subsidiaries are Houston Specialty Insurance Co., Imperium Insurance Co., Great Midwest Insurance Co. and Oklahoma Specialty Insurance Co.

Skyward changed its name from Houston International Insurance Group in November 2020, after raising $100 million in new capital earlier that year.