Reinsurance News
IPO
Re/insurer Canopius exploring IPO at valuation of more than £2bn: reports
19th January 2021
Global specialty insurer and reinsurer, Canopius Group, is reportedly in discussions about a potential public offering that could value the Lloyd's of London player at over £2 billion (USD 2.7bn), according to Sky News. Previously known as Sompo Canopius AG, the specialist re/insurer was acquired in 2017 by a consortium ... Read the full article
Conduit Re completes IPO; sees continued improvements in reinsurance
2nd December 2020
Conduit Holdings Limited, a new property and casualty (P&C) and specialty reinsurance underwriting business, led by founders Neil Eckert and Trevor Carvey, has completed its initial public offering (IPO) of 164,129,996 shares on the London Stock Exchange (LSE). Based on the offer price of 500 pence per share, the market capitalisation ... Read the full article
Conduit Re to proceed with IPO; expects to raise $1.1bn
12th November 2020
Neil Eckert and Trevor Carvey's new property and casualty (P&C) and specialty reinsurance underwriting business, Conduit Re, has today confirmed its intentions to proceed with an initial public offering (IPO) and apply for admission of its Shares on the London Stock Exchange (LSE). The news comes after Conduit's previous announcement ... Read the full article
Cohen & Company acquisition vehicle completes $230mn IPO
9th September 2020
Fixed income financial services specialist Cohen & Company has announced that INSU Acquisition Corp. II has completed its initial public offering (IPO), raising $230 million in the process. First announced back in July, INSU Acquisition Corp. II is a blank-check company sponsored by Cohen & Company, formed for the purpose ... Read the full article
Lemonade looks to raise up to $286 million in IPO
25th June 2020
InsurTech start-up Lemonade has commenced the previously announced initial public offering (IPO) of its common stock, which could raise up to $286 million. The company, which is backed by Japanese conglomerate SoftBank, announced in early June that it had filed a registration statement with the US Securities and Exchange Commission ... Read the full article
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