RPC advises Skyward Specialty on its acquisition of Apollo

International law firm RPC is advising Skyward Specialty Insurance Group that has announced it has entered into a definitive agreement with the majority sellers to acquire 100% of Apollo Group Holdings Limited for a total consideration of $555million.

The transaction is expected to deliver double digit adjusted operating EPS accretion while adding more than $1.5 billion of managed premium, reinforcing Skyward Specialty's position as a leader in US specialty markets.

Skyward Specialty is a rapidly growing and innovative specialty insurance company, delivering commercial property and casualty products. The transaction will bring new specialty niches, a distinctive new economy offering, accelerating innovation, and adding advanced technology capabilities.

Apollo is a leading US-centric specialty underwriting platform operating at Lloyd's of London that is low volatility, high growth and employs a capital light business model. Apollo writes a multi-class specialty insurance portfolio. Through Syndicate 1971, Apollo ibott delivers a unique, innovative platform liability product for the digital and sharing economy.

The transaction is expected to close in the first quarter of 2026, subject to regulatory approvals.

Patricia Ryan, Skyward Specialty's General Counsel, said: "Our acquisition of Apollo represents a significant milestone for Skyward Specialty and we are grateful for RPC's expert guidance. Their partnership and expert advisement throughout this process have been invaluable in navigating a transaction of this scale and complexity. We look forward to completing the transaction in the first quarter of 2026 and bringing together two organisations committed to innovation, specialty expertise and long-term value creation."

The RPC team is led by Partner and Head of Corporate Insurance James Mee alongside Partners William Hogarth and Jonathan Charwat, Of Counsel Whitney Simpson, Senior Associates Rachel Lord, Lauren Murphy, Richard Wilson, Robert Eccles and Priyanka Butani, and Associate Rachel Stanley, with support from colleagues across the firm.

Client announcement: Skyward Specialty Insurance Group to acquire Apollo Group Holdings Limited, amplifying 'Rule Our Niche' strategy