Skyward Group, the holding company for Skyward Specialty Insurance Group, announced a partnership with Apollo’s Lloyd’s Syndicate 1969 that will extend its Life Sciences insurance solution worldwide. The collaboration gives Skyward Specialty access to Apollo’s global licensing and underwriting capabilities, enabling the company to offer multinational coverage for U.S.‑based life‑sciences firms with international operations.
The partnership is the first joint effort after Skyward Group completed its acquisition of Apollo Group Holdings Limited on January 2 2026. Apollo’s Lloyd’s platform, which has a 2025 capacity of £640 million, provides a ready‑made global distribution network that Skyward can combine with its underwriting expertise to scale a high‑quality portfolio while preserving the discipline that underpins its competitive advantage.
Skyward’s move into the Life Sciences sector is driven by the sector’s need for specialized risk solutions and global coverage. The company’s revenue grew 22.28 % over the last twelve months, and its market capitalization sits at approximately $2.06 billion. By adding a global specialty platform, Skyward is positioning itself to capture growth in a niche that traditionally requires tailored coverage, thereby diversifying its exposure from the cyclical property‑and‑casualty market.
Apollo’s Lloyd’s Syndicate 1969 brings a robust underwriting framework and a global licensing network that Skyward can leverage to serve multinational clients. The partnership allows Skyward to tap into Apollo’s established relationships and capital base, while Apollo benefits from Skyward’s deep underwriting expertise and focus on high‑margin specialty lines.
Andrew Robinson, Chairman and CEO of Skyward Group, said the expansion “reflects the strength of our combined organization and our ability to unlock new opportunities together.” He added that Apollo’s Lloyd’s platform and global licensing “provides efficient access to support specialty risks on a global scale,” and that the synergy will enable Skyward to scale a high‑quality portfolio.
The expansion strengthens Skyward’s strategic goal of engineering a portfolio insulated from traditional property‑and‑casualty volatility. In Q1 2025, the company reported net income of $42.1 million, up from $36.8 million in Q1 2024, and a combined ratio of 90.5 % versus 89.6 % in the prior year. These figures illustrate the company’s solid underwriting performance and its ability to generate consistent profitability while pursuing new growth avenues.
Skyward’s A.M. Best rating of “A” (Excellent) for its insurance companies underscores the financial strength that supports this expansion and signals confidence in its ability to manage the additional risk exposure associated with the Life Sciences sector.
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