Rowland Mayor's questions to Skyward Specialty Insurance Group Inc (SKWD) leadership • Q4 2024
Question
Rowland Mayor, on behalf of Mike Phillips at Oppenheimer, requested details on loss trends in the commercial auto book and asked how growth expectations are split between new hires and existing business, including how new business is reserved.
Answer
CEO Andrew Robinson detailed three distinct commercial auto buckets with varying loss trends, noting their caution is driven by potential severity increases without tort reform. He confirmed that for new business, they apply a greater reserving margin above their indicated loss pick and hold a 'corporate IBNR' for additional risk margin on in-year launches.