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Applied Underwriters’ United Risk Division hires Jay Cahill as CFO
23rd April 2024
United Risk Global, the international property and casualty insurance underwriting and distribution platform, and division of Applied Underwriters, has appointed Jay Cahill as Chief Financial Officer (CFO), effective May 1, 2024. The appointment was announced by the firm's Chief Executive Officer (CEO), Dan Malloy. Malloy commented: "We are growing quite rapidly ... Read the full article
Howden announces new appointment within Surety team
22nd February 2024
Global re/insurance broker Howden has announced new appointments to its Capital, Advisory & Placement’s Surety team, naming Chris Coomans Head of Natural Resources, James Royal Head of Mining and Marc Underwood Trade Finance Lead. All the new appointments are based within Howden’s Surety division. The broker has a long history of ... Read the full article
Fortegra launches initial public offering
29th January 2024
Global specialty insurer and a subsidiary of Tiptree Inc., The Fortegra Group, Inc., has announced the launch of Fortegra's initial public offering. According to the announcement, Fortegra has filed a registration statement on Form S-1 with the Securities and Exchange Commission to offer 18,000,000 shares of its common stock to the ... Read the full article
F&G secures $250m investment from parent
16th January 2024
F&G Annuities and Life, Inc., has announced the closing of a $250 million preferred stock investment from parent Fidelity National Financial, Inc. (FNF), with F&G set to use net proceeds from the investment to support the growth of its insurance company subsidiaries. The terms of the agreement state that FNF has agreed ... Read the full article
Skyward Specialty reveals pricing of its upsized follow-on offering of its common stock
17th November 2023
Skyward Specialty, a P&C insurer, has announced the pricing of its upsized follow-on offering of 5,000,000 shares of its common stock, with 2,150,000 shares being offered by Skyward Specialty and an upsized 2,850,000 shares being sold by Skyward Specialty’s existing stockholder - The Westaim Corporation at $30.50 per share. Earlier ... Read the full article
Hamilton successfully completes IPO, raises $80.6m
15th November 2023
Hamilton Insurance Group, Ltd. successfully concluded its initial public offering (IPO) by closing the sale of 15,000,000 Class B common shares. This total includes 6,250,000 shares sold by the company itself and 8,750,000 shares sold by existing shareholders. The shares were priced at $15.00 each, and trading commenced on the New ... Read the full article
Skyward Specialty launches follow-on offering of its shares
14th November 2023
P&C insurer Skyward Specialty has announced a follow-on offering of 2.15 million shares of its common stock as it looks to target further growth opportunities. Based on Skyward's share price as of November 14, 2023, the insurer would raise around $66 million of capital. In addition to this follow-on offering, Westaim, Skyward ... Read the full article
Tiptree’s Fortegra files for IPO
14th November 2023
Fortegra, the specialty insurance subsidiary of holding company Tiptree, has publicly filed a Registration Statement on Form S-1with the Securities and Exchange Commission (SEC) for an initial public offering (IPO). Earlier this month, alongside the announcement of its third quarter results, Tiptree highlighted its plans to take Fortegra public. The size ... Read the full article
Hamilton raises $93.75m in net proceeds as IPO prices below target
10th November 2023
Bermuda insurer and reinsurer, Hamilton Insurance Group, has successfully priced its initial public offering (IPO) of 15,000,000 Class B common shares at a public offering price of $15.00 per share, raising a total of USD 225 million. Net proceeds received were USD 93.75 million from its IPO of its Class B ... Read the full article
Hamilton targets $90m+ in net proceeds as it launches IPO
1st November 2023
Bermuda insurer and reinsurer, Hamilton Insurance Group, could receive net proceeds of up to USD 97.1 million from its initial public offering (IPO) of its Class B common shares, which will be used to make capital contributions to its re/insurance subsidiaries amid favourable market conditions. After submitting a draft proposal in ... Read the full article
Hamilton commences IPO process
17th October 2023
Bermuda-based Hamilton Insurance Group, Ltd. has filed a registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) for a proposed underwritten initial public offering (IPO) of its common shares, and intends to use the net proceeds to make capital contributions to its insurance and reinsurance operating subsidiaries. The ... Read the full article
HUB announces completion of “substantial” minority investment
19th September 2023
Global insurance brokerage HUB has successfully completed a substantial minority investment from Leonard Green & Partners, L.P. (LGP), along with several other prominent institutional minority investors. HUB had previously announced the deal with LGP in April 2023, confirming that it expects to receive a “substantial” minority investment from funds managed ... Read the full article
BPL Global hires Riz Sheikh to expand its Portfolio Solutions
11th August 2023
BPL Global, a leading CPRI broker has hired seasoned banking professional Riz Sheikh to expand its Portfolio Solutions team. Bringing over 20 years of experience in securitisation and structured finance, Sheikh will use his expertise towards the development of BPL Global’s Significant Risk Transfer (SRT) offering, to complement the broker's existing ... Read the full article
Fidelis raises $89.4 million following closing of IPO
4th July 2023
Fidelis Insurance Holdings Limited has announced the closing of its initial public offering of an aggregate of 15,000,000 common shares at a price to the public of $14.00 per share, generating estimated net proceeds of $89.4 million. According to Fidelis, this included 7,142,857 common shares sold by the Company and 7,857,143 ... Read the full article
Charlie Pool joins Howden Group Holdings as Head of Carbon Insurance
8th June 2023
Carbon market veteran, Charlie Pool, has joined Howden Group Holdings as Head of Carbon Insurance. An experienced name across the industry, Pool brings nearly two decades of expertise towards his new role. In 2016 he founded the company Stowga, an on-demand warehousing marketplace. As well as being the founder, Pool also served ... Read the full article