Skyward Specialty posts net profit of $13.6mn in Q1 despite cat losses

Skyward Specialty Insurance

Skyward Specialty turned a prior year net loss into a net profit of $13.6mn in Q1 2021, while the company’s combined ratio improved by 3.7 points year on year to 93.8 percent in the period as it benefited from the re-underwriting of its portfolio and improved market conditions.

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