About Skyward Specialty Insurance
Skyward Specialty Insurance is a company based in Houston (United States) founded in 2007.. Skyward Specialty Insurance has raised $157.53 million across 5 funding rounds from investors including Catlin, The Westaim Corporation and Everest Advisors. The company has 580 employees as of December 31, 2024. Skyward Specialty Insurance has completed 3 acquisitions, including Aegis Surety, Apollo and Csiapex. Skyward Specialty Insurance offers products and services including Medical Stop-Loss Insurance and Professional Lines Insurance.
- Headquarter Houston, United States
- Employees 580 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Skyward Specialty Insurance Group, Inc.
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Annual Revenue
$1.15 B28.17as on Dec 31, 2024
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Net Profit
$118.83 M38.2as on Dec 31, 2024
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EBITDA
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Total Equity Funding
$157.53 M (USD)
in 5 rounds
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Latest Funding Round
$20 M (USD), Debt – Conventional
Jun 11, 2019
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Investors
Catlin
& 2 more
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Employee Count
580
as on Dec 31, 2024
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Investments & Acquisitions
Aegis Surety
& 2 more
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IPO & Listings of Skyward Specialty Insurance
Skyward Specialty Insurance is a publicly listed company on the NASDAQ with ticker symbol SKWD in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Skyward Specialty Insurance
Skyward Specialty Insurance offers a comprehensive portfolio of products and services, including Medical Stop-Loss Insurance and Professional Lines Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Insurance coverage is provided for medical stop-loss to protect against high-cost claims in healthcare settings
Insurance solutions are offered for professional lines to cover risks in various professional activities
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Leadership Team
44 people
Software Development Team
31 people
Finance and Accounting
9 people
Board Team
6 people
Senior Team
5 people
Data Analysis and Operations Team
5 people
Product Management Team
5 people
Human Resources and Administration
3 people
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Funding Insights of Skyward Specialty Insurance
Skyward Specialty Insurance has successfully raised a total of $157.53M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $20 million completed in June 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $20.0M
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First Round
First Round
(09 Aug 2011)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Debt – Conventional - Skyward Specialty Insurance | Valuation |
investors |
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| Apr, 2015 | Amount | Seed - Skyward Specialty Insurance | Valuation |
investors |
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| Jan, 2015 | Amount | Unspecified - Skyward Specialty Insurance | Valuation | The Westaim Corporation , Everest Advisors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Skyward Specialty Insurance
Skyward Specialty Insurance has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Catlin, The Westaim Corporation and Everest Advisors. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity acquisitions are targeted by the firm.
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Founded Year | Domain | Location | |
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Diversified insurance services are offered by Everest Advisors.
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Founded Year | Domain | Location | |
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Insurance carrier services are provided globally by Catlin.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Skyward Specialty Insurance
Skyward Specialty Insurance has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Aegis Surety, Apollo and Csiapex. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Insurance underwriting services are provided by Aegis Surety.
|
2015 | ||||
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An insurance platform is operated with innovative, data-driven solutions.
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2009 | ||||
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Csiapex is associated with the domain csiapex.com.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Skyward Specialty Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Skyward Specialty Insurance Comparisons
Competitors of Skyward Specialty Insurance
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Skyward Specialty Insurance
Frequently Asked Questions about Skyward Specialty Insurance
When was Skyward Specialty Insurance founded?
Skyward Specialty Insurance was founded in 2007 and raised its 1st funding round 4 years after it was founded.
Where is Skyward Specialty Insurance located?
Skyward Specialty Insurance is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Who is the current CEO of Skyward Specialty Insurance?
Andrew Robinson is the current CEO of Skyward Specialty Insurance.
Is Skyward Specialty Insurance a funded company?
Skyward Specialty Insurance is a funded company, having raised a total of $157.53M across 5 funding rounds to date. The company's 1st funding round was a Unspecified of $70M, raised on Aug 09, 2011.
How many employees does Skyward Specialty Insurance have?
As of Dec 31, 2024, the latest employee count at Skyward Specialty Insurance is 580.
What is the annual revenue of Skyward Specialty Insurance?
Annual revenue of Skyward Specialty Insurance is $1.15B as on Dec 31, 2024.
What does Skyward Specialty Insurance do?
Skyward Specialty Insurance was established in 2007 in Houston, United States, within the property and casualty insurance sector. Services focused on specialty coverage for various risks are offered, including tailored policies for property damage and liability. Operations are managed from the United States, serving clients across multiple industries. Leadership is held by CEOs Andrew Robinson and Byron Way, overseeing strategic and operational functions in this domain.
What products or services does Skyward Specialty Insurance offer?
Skyward Specialty Insurance offers Medical Stop-Loss Insurance and Professional Lines Insurance.
Is Skyward Specialty Insurance publicly traded?
Yes, Skyward Specialty Insurance is publicly traded on NASDAQ under the ticker symbol SKWD.
How many acquisitions has Skyward Specialty Insurance made?
Skyward Specialty Insurance has made 3 acquisitions, including Aegis Surety, Apollo, and Csiapex.
Who are Skyward Specialty Insurance's investors?
Skyward Specialty Insurance has 3 investors. Key investors include Catlin, The Westaim Corporation, and Everest Advisors.
What is Skyward Specialty Insurance's ticker symbol?
The ticker symbol of Skyward Specialty Insurance is SKWD on NASDAQ.