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Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD), a $2.4 billion market cap insurer showing impressive momentum with a 64% return over the past year, announced today that Kirby (NYSE:KEX) Hill, previously Executive Vice President and President of Captives and Specialty Programs, has transitioned to the role of Chairman for the same divisions. Hill will maintain his position as Executive Vice President. Corey LaFlamme has been appointed as the new President of Captives and Specialty Programs, overseeing operational matters for the divisions.
Additionally, on Sunday, the company held its Annual Meeting of Shareholders, where several key decisions were made. Shareholders elected Marcia Dall and Anthony J. Kuczinski as director nominees. The compensation of named executive officers, as disclosed in the proxy statement, was approved in an advisory vote. Shareholders also favored conducting future advisory votes on executive compensation annually.
Furthermore, the appointment of Ernst & Young LLP as the company’s independent auditors for the fiscal year ending December 31, 2025, was ratified.
These updates are based on a press release statement and reflect the latest significant corporate governance events at Skyward Specialty Insurance Group, Inc.
In other recent news, Skyward Specialty Insurance Group Inc reported impressive financial results for the first quarter of 2025, significantly exceeding analyst expectations. The company posted an earnings per share (EPS) of $0.90, surpassing the anticipated $0.68, while revenue reached $328.53 million, well above the forecasted $274.57 million. Skyward Specialty achieved its highest net income in history at $42 million, with gross written premiums rising by 17% and net written premiums increasing by 20%. The company has also expanded its insurance offerings to include agriculture and credit insurance. Analysts have noted the company’s optimistic growth outlook, with Skyward Specialty anticipating mid-teens growth for the full year. Despite some softening in global property premiums, market sentiment remains positive. The company continues to focus on strategic investments in technology and talent to drive future growth, as noted by Skyward’s executives during their earnings call.
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