Reinsurance News

IPO

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

Accelerant reportedly assessing IPO or private share sale

25th July 2023

Insurtech Accelerant is planning to raise new capital in 2024 in a deal that could result in the firm making its debut on the stock market, its CEO and co-founder reportedly told Reuters. Accelerant Chief Executive Jeff Radke disclosed to Reuters that the firm raised $150 million in December from investors ... 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

Fidelis confirms IPO as it looks to take advantage of rate hardening

20th June 2023

Bermuda-based insurance and reinsurance holding company, Fidelis Insurance Holdings Limited, has announced the launch of its initial public offering (IPO) of 17 million of its common shares, as the firm looks to "take advantage of the ongoing rate hardening" in key markets. The offering announced by Fidelis includes 5,714,286 of common ... Read the full article

Hamilton discussing options including IPO and private sale: Reuters

7th June 2023

Bermuda-based insurer and reinsurer, Hamilton Insurance Group, is reportedly discussing its options with potential advisers, including a private sale and an initial public offering (IPO), according to Reuters. People familiar with the matter told Reuters that the re/insurer is exploring strategic options amid momentum for deals involving insurers and reinsurers. The people, ... Read the full article

Fidelis files preliminary IPO at undisclosed price

17th April 2023

Fidelis Insurance Holdings Limited, a Bermuda-based insurance and reinsurance holding company, has now filed a preliminary IPO prospectus with the U.S. Securities and Exchange Commission (SEC) as it looks to list its common shares on the New York Stock Exchange (NYSE). Back in January, Fidelis completed the creation of a ... Read the full article

Fidelis confirms IPO submission after MGU split

2nd March 2023

Bermuda-based insurance and reinsurance holding company, Fidelis Insurance Holdings Limited, has confirmed that it intends to pursue an initial public offering of its common shares, following the establishment of Fidelis MGU last month. The recent creation of the new managing general underwriter ‘bifurcated’ the business from Fidelis’ existing balance sheet ... Read the full article

Cutback in IPOs a “key driver” behind the drop in D&O direct premium in 2022: AM Best

15th February 2023

According to analysts at AM Best, one key question that currently surrounds the US directors & officers (D&O) insurance segment is whether carriers can sustain their recent, more favorable results given less aggressive pricing amid high social inflation and inflationary economic pressure. In Best’s market segment report, ‘Hard Market Gives Way ... Read the full article

Skyward Specialty announces pricing of upsized IPO

16th January 2023

Skyward Specialty, a P&C insurance holding company part of Westaim Corporation, has priced its upsized initial public offering (IPO) of 8,952,383 shares of its common stock at a price of $15.00 per share, generating proceeds of around $134 million. This includes 4,750,000 common shares being offered by Skyward Specialty and 4,202,383 ... Read the full article

Skyward Specialty announces IPO with potential to generate $150m

5th January 2023

Skyward Specialty, a P&C insurance holding company part of Westaim Corporation, has launched its initial public offering (IPO) of its common stock, expected at $14.00 and $16.00 per share, with the potential to generate top-end proceeds of around $150 million. The offering consists of 4,750,000 shares of stock offered by Skyward ... Read the full article

Skyward Specialty files for initial public offering

14th November 2022

Skyward Specialty, a P&C insurance holding company part of Westaim Corporation, has filed a registration statement with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO) of its common stock. The firm submitted a draft registration statement in April 2022. According to the announcement, the number ... Read the full article

AIG launches IPO capital raise for Corebridge

7th September 2022

American International Group (AIG) has launched the initial public offering (IPO) of its majority-owned subsidiary, Corebridge Financial. AIG rebranded the parent company of its Life & Retirement business from SAFG Retirement Services to Corebridge back in March, ahead of plans to make the company public. Since then, Moody’s has affirmed ... Read the full article

Thai Life Insurance raises $1 billion via IPO

14th July 2022

Thai Life Insurance Pcl raised $1 billion from an initial public offering, the largest share sale by a Thai firm in more than a year, according to reports from Bloomberg. It was recently reported that the insurer was targeting a capital raise of more than $1 billion. The Bangkok-based life insurer ... Read the full article

Thai Life Insurance targets $1bn+ fundraise via IPO

29th June 2022

Thai Life Insurance Co. is targeting a capital raise of more than $1 billion through an initial public offering in Thailand, according to reports from Dow Jones Newswires. If successful, the IPO would be the country's largest such fundraising so far this year, analysts have noted. Thailand's largest insurer by premium revenue ... Read the full article

Andy Rear & Will Allen confirm London SPAC listing

6th April 2022

Former Munich Re executive Andy Rear and Will Allen, previously of investment bank KBW, have confirmed their intention to float a new special purpose acquisition company (SPAC) on the London Stock Exchange. The company, called Financials Acquisition Corp, is sponsored by FINSAC LLP, which is a limited liability partnership founded by Allen ... Read the full article

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