Bowhead
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The carrier is seeing competition in all areas, including small private business and large public. -
The carrier expects Q3 GWP to reach between $193mn to $200mn.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The combined ratio was up 6.5 points YoY, driven by casualty expansion and IPO expenses.
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The firm has zero pre-2020 reserves, no MGA relationships, and management with a strong record.
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The company initially priced its IPO earlier this month with a view to raising $93mn-$106.6mn.
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The underwriters will receive a 30-day option for an additional one million shares.
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The filing comes four months after Insurance Insider US revealed Bowhead’s intentions to launch an IPO this year.
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Woodlands Financial Services listing is likely in Q2, but overall environment is subdued.
