Reinsurance News
IPO
Aspen Insurance files for US IPO to “increase financial flexibility”
21st December 2023
Specialty re/insurer Aspen Insurance Holdings Limited has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed underwritten initial public offering (IPO) of its ordinary shares. This news follows a report from early December in which Aspen confirmed it was mulling ... Read the full article
Aspen confirms potential IPO in 2024
11th December 2023
Bermuda-based insurer and reinsurer, Aspen Insurance Holdings Limited, has confirmed that it is mulling an initial public offering (IPO) of its ordinary shares in 2024, subject to satisfactory market conditions. The announcement from Aspen confirms a previous report by the Financial Times that Aspen has been working with bankers for some ... Read the full article
Aspen reportedly opts for New York as venue for $4bn IPO
4th December 2023
Aspen, the Bermuda headquartered global specialty insurance and reinsurance company, is reportedly opting for New York as a venue for an initial public offering (IPO), rather than London, according to the Financial Times. It's been reported before that Aspen has been working with bankers for a number of months, in planning ... 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
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
Tiptree posts rise in Q3’23 revenue, intends IPO of specialty insurance business Fortegra
2nd November 2023
Holding company Tiptree has reported revenues of $416.5 million for Q3'23, an increase of 14.6% from Q3'22, driven by growth in Fortegra’s specialty insurance lines. Tiptree intends to take its specialty insurance subsidiary, Fortegra, public. Tiptree expects the Fortegra IPO to be a primary offering with the proceeds used to support ... 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
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
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