US insurer Skyward Specialty plans to go public

Skyward Specialty Insurance Group, a specialty property and casualty (P&C) insurer, has revealed its plan to go public.

The Houston-based insurer said Tuesday that it has filed a draft registration statement on Form S-1 with the Securities and Exchange Commission (SEC) for a 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, Skyward said in a statement.

The registration statement is expected to become effective after the SEC completes its review process, subject to market and other conditions.

Skyward offers commercial property and casualty products and solutions on a non-admitted and admitted basis. For its most recent fiscal year, the company claims to have generated nearly $1 billion in gross written premiums.

Skyward Specialty's subsidiary insurance companies include Houston Specialty Insurance Company, Imperium Insurance Company, Great Midwest Insurance Company, and Oklahoma Specialty Insurance Company. These are rated A- by AM Best.

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