Bullish indicating open at $55-$60, IPO prices at $37
HOUSTON - Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD), a company operating in the specialty property and casualty (P&C) insurance market, announced the appointment of Corey LaFlamme as President, Captives & Specialty Programs. The move is part of a strategic effort to bolster the company’s position in a rapidly expanding segment of the insurance industry.
LaFlamme joins Skyward Specialty with over two decades of experience in the specialty insurance sector, including a recent tenure as Head of Programs at The Hartford. His track record includes fostering strong industry relationships, driving innovation, and maintaining consistent performance.
Concurrently, Kirby Hill, who has been influential in developing the company’s Captives & Specialty Programs divisions, will transition to the role of Chairman within the same divisions. Hill’s new responsibilities will encompass business development, strategic initiatives, client relationship management, and mentorship.
Andrew Robinson, Chairman and CEO of Skyward Specialty, expressed confidence in the leadership restructuring, noting LaFlamme’s alignment with the company’s vision for growth in the Captives & Specialty Programs markets. Robinson also acknowledged Hill’s significant contributions to the company’s market presence and anticipated his continued role in supporting LaFlamme and maintaining the company’s momentum.
Skyward Specialty, known for its innovative approach to commercial P&C products and solutions, operates through various underwriting divisions and maintains a stable A (Excellent) rating from A.M. Best Company. The company’s subsidiaries include Great Midwest Insurance Company, Houston Specialty Insurance Company, Imperium Insurance Company, and Oklahoma Specialty Insurance Company.
This leadership announcement is based on a press release statement from Skyward Specialty Insurance Group, Inc.
In other recent news, Skyward Specialty Insurance Group Inc reported an impressive financial performance for the first quarter of 2025. The company recorded earnings per share of $0.90, significantly surpassing the forecasted $0.68, and achieved revenue of $328.53 million, exceeding expectations of $274.57 million. Skyward Specialty also announced the highest net income in its history at $42 million, alongside a 17% increase in gross written premiums and a 20% rise in net written premiums. Additionally, the company expanded its offerings by adding agriculture and credit insurance to its portfolio. In terms of corporate governance, Skyward Specialty disclosed an executive transition with Kirby Hill moving to the role of Chairman for Captives and Specialty Programs, while Corey LaFlamme was appointed as the new President of these divisions. Shareholders elected Marcia Dall and Anthony J. Kuczinski as directors and approved Ernst & Young LLP as the independent auditors for the fiscal year ending December 31, 2025. These developments underscore Skyward Specialty’s strong market position and strategic growth initiatives.
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