Latham & Watkins Advises on Skyward Specialty’s Secondary Offering of Its Common Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ: SKWD) (Skyward Specialty) a leader in the specialty property and casualty market, has announced the pricing of its secondary offering of 4,400,000 shares being offered by The Westaim Corporation, through its wholly owned subsidiary, Westaim HIIG GP Inc. at US$36.50. In connection with the offering, the Selling Stockholder has also granted the underwriters a 30-day option to purchase up to an additional 660,000 shares of Skyward Specialty's common stock. The Selling Stockholder will hold 4.80% and 6.45% in Skyward Specialty, assuming full and no exercise of the underwriters’ option to purchase the additional shares, respectively.

Latham & Watkins LLP represented the underwriters in the offering, with a capital markets team led by New York partners Marc Jaffe, and Erika Weinberg, with associates Jie Lin Nai and Rachel Moore. Advice was also provided on tax matters by Los Angeles partner Eric Cho.