Aspen
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The company’s upsized public offering priced at $30 per ordinary share. -
The IPO was announced at the end of April, targeting ~$2.6bn-$2.9bn.
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The specialty carrier is braving volatile macroeconomic conditions in a second effort to list.
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We assess the Bermudian’s standing amid waning investor sentiment and economic uncertainty.
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The carrier is targeting an IPO valuation between $2.6bn and $2.9bn.
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The carrier is offering shares priced at $29-$31.
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The syndicate expects £5.8mn-£8.6mn in California wildfire claims.
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Changes in business mix towards specialty and improved reserve development offset higher Q4 cat losses.
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In October, this publication revealed that the carrier had resumed IPO preparations.
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Cat losses in reinsurance rose 11.1% year over year to $45.1mn, driven by Hurricane Helene.
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He joins from R&Q Insurance Holdings, where he has been chief accounting officer.
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The business put up strong H1 numbers, and has named Christian Dunleavy group president.
