Skyward Specialty Insurance Group to acquire Apollo Group Holdings from Alchemy Partners for $555m.

Skyward Specialty Insurance Group, a company that offers a range of specialty property and casualty insurance products and services, including commercial general liability, excess and surplus, commercial auto, and workers' compensation, agreed to acquire Apollo Group Holdings, an innovation inspired insurance platform, offering data-driven and creative solutions to a wide variety of risks, from Alchemy Partners, a private equity firm, for $555m. “We are delighted to reach an agreement to acquire Apollo. Their underwriting leadership and unique market positioning are exceptionally well-matched to Skyward Specialty’s strengths and vision and fit with our strategy to “Rule Our Niche.” Apollo’s Syndicate 1969 will provide access to attractive and hard-to-reach specialty classes including Political Violence, Product Recall, Specialty Disruption and other related specialty classes. Leveraging the unique capabilities of Syndicate 1971, Apollo will further enhance our portfolio with unique and innovative solutions designed for new economy industries. Most importantly, the strategic and cultural alignment between the two organizations is exceptional and sets the stage for future opportunities. I look forward to welcoming the Apollo team to Skyward Specialty and embarking on this next chapter together,” Andrew Robinson, Skyward Specialty Chairman and CEO.