Skyward Specialty Insurance Group plans to be listed, the Houston-based insurer said on Tuesday.
Skyward said it has submitted a draft listing statement to the Securities and Exchange Commission for a proposed listing of its common stock.
The number of shares to be offered and the price range of the proposed offer have not yet been determined, the insurer says in a statement. It said the registration statement is expected to take effect after the SEC completes its review, subject to market conditions and other terms.
The company had nearly $ 1 billion in gross revenue premiums for the most recent fiscal year. It has eight underwriting divisions: accident and health; prisoners; global property; industrial solutions; professional lines; program; security; and transaction surpluses and surpluses.
Skyward̵7;s subsidiaries are Houston Specialty Insurance Co., Imperium Insurance Co., Great Midwest Insurance Co. and Oklahoma Specialty Insurance Co.
A Skyward spokeswoman said in an email that the insurance company’s largest shareholder is Calgary, Alberta-based investment holding company Westaim Corp. but that it does not provide further information about its ownership.
Skyward changed its name from Houston International Insurance Group in November 2020, after raising $ 100 million in new capital earlier that year.
The holding company for American International Group Inc.’s life and pension operations, SAFG Retirement Services Inc., applied for a stock exchange listing last month.