Skyward Specialty Insurance Group (SKWD) Announces Secondary Offering of Its Common Stock

Skyward Specialty Insurance Group, Inc.TM (NASDAQ: SKWD) ("Skyward Specialty" or the "Company"), a leader in the specialty property and casualty ("P&C") market, today announced that The Westaim Corporation is offering 3,850,000 shares of the Company's common stock in an underwritten public offering. In addition to The Westaim Corporation, certain other stockholders (the "Selling Stockholders") have also granted the underwriters a 30-day option to purchase up to an additional 577,500 shares of Skyward Specialty's common stock.

Skyward Specialty will not receive any of the proceeds from the sale of the shares of its common stock offered by the Selling Stockholders, and the Selling stockholders will bear the underwriting discounts and commissions associated with the sale of such shares.

Barclays Capital Inc. and Keefe, Bruyette & Woods, Inc., A Stifel Company, are acting as joint lead book-running managers for the proposed offering. JMP Securities, A Citizens Company, Piper Sandler & Co., Truist Securities, Inc., Raymond James & Associates, Inc. and BMO Capital Markets Corp. are acting as joint book-running managers for the proposed offering. Siebert Williams Shank & Co., LLC is acting as co-manager for the proposed offering.

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