Houston, Texas-based Houston International Insurance Group (HIIG) has changed its name to Skyward Specialty Insurance Group (Skyward Specialty).
The company said the launch of the new Skyward Specialty brand is one of many strategic actions implemented by new CEO Andrew Robinson to position the company’s readiness to stand out among its competitors and to capitalize on the changing market conditions.
“The name ‘Skyward Specialty Insurance’ more clearly describes who we are today, better reflects our strategy, and conveys the company’s promise to our clients and distribution partners,” Robinson said in a media release. “The word ‘Skyward’ is about the power to see farther and have a broader perspective, while ‘Specialty’ reinforces the company’s self-identification with products and solutions that are tailored to our clients’ unique and special needs.”
Skyward Specialty raised $100 million in capital raise earlier this year and shortly thereafter hired several high-profile professionals and broadened its product solutions.
Robinson said the change is “more than a new name” and reflects “a dynamic shift within our company and the insurance industry at large.”
Among the changes Skyward Specialty has implemented recently are: a new business focused on serving the E&S (excess and surplus) wholesale brokerage channel for their liability and property needs; the expansion of its private company and launch of an excess public Directors & Officers (D&O) offering capability; and the expansion of its capabilities in large commercial property. The company also has appointed Tom Schmitt as chief people officer with a commitment to be the organization for the industry’s top talent.
Skyward Specialty is a property/casualty insurance holding company formed in 2007 with nearly a billion dollars in premium and $2 billion in assets. Skyward Specialty’s subsidiary insurance companies consist of Houston Specialty Insurance Company; Imperium Insurance Company; Great Midwest Insurance Company; Oklahoma Specialty Insurance Company; and Boston Indemnity Company Inc.
Source: Skyward Specialty Insurance Group
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