Skyward Specialty completes acquisition of Apollo

Skyward Specialty Insurance Group, Inc. has recently finalized the acquisition of Apollo Group Holdings Limited under the terms previously agreed upon. This completion marks a significant milestone for Skyward Specialty as it continues to expand its operations and offerings in the insurance industry.

Skyward Specialty is recognized as a thriving and forward-thinking specialty insurance provider, delivering a range of commercial property and casualty products and solutions on both non-admitted and admitted bases. The company operates through nine distinct underwriting divisions, including Accident & Health, Agriculture and Credit (Re)insurance, Captives, Construction & Energy Solutions, Global Property, Professional Lines, Specialty Programs, Surety, and Transactional E&S. Trading on the Nasdaq Global Select Market, SKWD stock represents the premier quartile of all Nasdaq listed companies.

The insurance entities under Skyward Specialty include Houston Specialty Insurance Company, Imperium Insurance Company, Great Midwest Insurance Company, and Oklahoma Specialty Insurance Company. These insurance companies are A-rated with a stable outlook by A.M. Best Company, further highlighting Skyward Specialty’s commitment to providing quality and reliable insurance solutions within the marketplace.

Apollo, the U.K.-based subsidiary of Skyward Specialty, operates within the Lloyd’s of London insurance platform, emphasizing innovation and creativity in delivering data-driven solutions across a diverse range of risks. With a focus on Property, Casualty, Marine, Energy & Transportation, Specialty, Reinsurance, Smart Follow, digital, and embedded risk programs, Apollo remains dedicated to providing top-tier products and services to its clients and capital partners. Their unique and comprehensive ecosystem positions Apollo as a valuable ally for Platform Partners as they navigate the Lloyd’s new entrant process and execute long-term strategies.

In a forward-looking statement, Skyward Specialty acknowledges that while historical information is key, the future lies in cultivating a vision that propels growth and innovation. The Company recognizes the inherent risks and uncertainties in the industry, outlining potential challenges that may impact the realization of anticipated benefits from the acquisition. Factors such as economic conditions, competitive landscapes, and regulatory changes could influence the success of the integration between Skyward Specialty and Apollo.

As the integration progresses, both entities remain focused on maintaining operational efficiency, fostering strong business relationships, and adapting to the evolving needs of the insurance marketplace. With a shared commitment to excellence and innovation, Skyward Specialty and Apollo are well-positioned to drive sustainable growth and deliver value to their stakeholders moving forward.