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Skyward IPO on deck: One more plate for the E&S/specialty Thanksgiving table
Skyward Specialty has indicated its intent to IPO at a time when investors may be looking for good entry points, though the window of opportunity may be closing.
Research
Third-quarter statutory data reveals premium growth, worsening loss ratio because of increased loss cost trends and Hurricane Ian.
Our Trump/Biden note from yesterday discussed the rotation from growth stocks to value stocks playing out over 2022. Unfortunately, insurance technology stocks have had it the worst, with Lemonade stock down 49%, but still doing relatively better than Root (down 86%) and Hippo (down 80%).
In the uncertain economic landscape, investors have shifted toward value stocks like insurance, with increasing movement around this earnings season and the election.
Though still significantly elevated, the CPI appears to have peaked in the short term, which may give carriers a chance to catch up on rate.
Latest news
Latest news
The severance package will be paid in three separate installments of $250,000 over the next 18 months.
The executive will help grow the insurer’s presence in the region and support the office’s overall operations and strategy.
Led by MassMutual, existing investors Newark Venture Partners and Cameron Ventures participated in the round, along with new investor Aperture VC.
Inside P&C’s news team runs you through the key M&A deals from the past week.
More News
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Aon’s Marcell urges reinsurers to get quoting
November 23, 2022 -
Enstar CEO Silvester buys $5mn additional shares
November 23, 2022 -
Need to Know: Skyward IPO, EPLI normalization, Specialty M&A slowdown
November 23, 2022
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Specialty distributor M&A down 9.2% through October: MarshBerry
November 22, 2022 -
InsurTech DeNexus opens London office
November 22, 2022 -
Need to Know: Q3 stat data, Argo activism, new LSM CUO
November 22, 2022 -
The Hartford taps Mendes as head of excess casualty
November 21, 2022
Opinion
Opinion
Unreserved: Episode 13 – Dual's Kieran Sweeney
In the latest episode of Inside P&C’s podcast, Unreserved, Dual executive chairman Kieran Sweeney sits down with Inside P&C’s acting managing editor, Adam McNestrie.
Most Read
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Lemonade Investor Day: Waiting for the Robinsons
November 17, 2022 -
Commercial P&C pricing accelerated in Q3, up to 8.1%: CIAB
November 16, 2022 -
RMS pegs US private insured losses from Hurricane Nicole at $1.6bn
November 16, 2022 -
SiriusPoint-Mosaic deal called off
November 17, 2022
Longform Research
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The classic car insurer goes public but might have to pay a price for growth later. -
The Inside P&C Research team looks at what subsectors the new class of InsurTechs is targeting.
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Activist investors are successfully learning how to navigate a regulated industry.
The reinsurer is ready to “walk away from business” where it feels pricing and terms and conditions are not good enough.
The CEO addressed the progress of the strategic process in his first interview since taking the role.
The Category 1 storm’s landfall on the east coast of Florida would be a “manageable” cat event that hurts primary carriers more than their reinsurers, he said.
The impact of Ian losses on SiriusPoint’s total equity was ~3.5%, lower than RenRe and Everest, and in line with Axis.
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