Skyward Specialty Clears Regulatory Steps to Acquire Lloyd's Apollo in Early 2026

Skyward Specialty Insurance Group has secured regulatory approvals to acquire Apollo Insurance Company, a Lloyd's of London syndicate business. This acquisition is expected to close early in the first quarter of 2026, marking a significant expansion for Skyward Specialty into the Lloyd's market. The transaction aligns with Skyward's strategy to diversify its underwriting capabilities and broaden its market footprint in specialty insurance. Regulatory approval processes were crucial given the complex compliance requirements within the Lloyd's framework. This move reflects ongoing consolidation trends within the U.S. specialty insurance sector as firms seek to enhance competitive positioning by acquiring Lloyd's syndicate operations. The integration of Apollo's business is anticipated to bring specialized underwriting expertise and access to unique market syndicates, potentially beneficial for U.S.-based brokers and policyholders leveraging Lloyd's global platform.