P&C insurance holding company Houston International Insurance Group (HIIG) has revealed that it has undergone a rebrand, with the company now going by the name Skyward Specialty Insurance Group.
The launch of the new Skyward Specialty brand is part of several other strategic actions implemented by the company’s new CEO, Andrew Robinson, to “position the company’s readiness to stand out among its competitors and to capitalize on the changing market conditions,” a company release explained.
“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,” said Robinson in a statement. “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.”
Robinson added that the rebrand is more than just a name change; it is part of a “dynamic shift for the company and the insurance industry at large.”
“Recognizing the challenges our clients face, Skyward Specialty aims to create lasting impact at a time of dramatic change. The level of risk today is different and has never been greater; Skyward Specialty is about an adjustment of perspective and the capabilities needed to better address those challenges and risks to achieve success beyond convention,” the chief executive said.
The company managed to raise $100 million in capital earlier this year, and shortly afterwards hired several high-profile professionals and expanded its product solutions.