Skyward Specialty Insurance
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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
Skyward shares shot up over 27% this morning to $19.15 per share, a development which will likely be closely watched by some carriers with IPO aspirations.
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The flotation is expected to close around 18 January.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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A total of 9.775 million shares will be offered, priced between $14 and $16.
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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.
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The specialty insurer said the number of shares to be offered and the price range for the proposed offering have not yet been determined.
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The two new members have served senior executive roles across insurance and finance industries, bringing more than 50 years of industry experience.
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Logue was most recently at ProAssurance as assistant vice president of miscellaneous medical.
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The specialty line carrier’s combined ratio improved by 2.4 points to 91.8% during the quarter.
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Skyward’s loss ratio declined 5.6 points to 63.5%, outweighing higher expenses in the quarter.
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Inside P&C’s news team runs you through the key developments from the week.
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