Bowhead Specialty Holdings Inc.

Bowhead Specialty Holdings Inc. was founded in September 2020, backed by GPC Partners Investments (SPV III) LP and AmFam. The company offers commercial specialty property and casualty (P&C) insurance products, focusing on casualty, professional liability, and healthcare liability risks. These products are provided to policyholders varying in size, industry, and complexity. Bowhead operates through two underwriting models: a "craft" model for large, complex, higher-severity risks, and a "digital" model for smaller, simpler, and scalable business. The craft model, Bowhead's foundation, uses experienced underwriters and broker relationships for tailored solutions for complex, non-standard, and higher-severity risks. The digital model, including Baleen Specialty and other small-business offerings called "express," focuses on speed and consistent decision-making for small risks using clear appetites, standardized products, and technology. Baleen Specialty targets small, distressed, or hard-to-place risks with more restrictive coverage, while express offerings simplify submission, underwriting, and servicing for small and mid-sized accounts. Policies are primarily written on a non-admitted, or excess and surplus lines (E&S) basis, which allows flexibility in adjusting to market opportunities. Products are distributed through selected relationships with leading distribution partners in both wholesale and retail markets. Policies are issued on AmFam paper through Bowhead's wholly-owned managing general agency subsidiary, Bowhead Specialty Underwriters, Inc.