Core Specialty
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LAU will become the new Core Specialty Aviation & Aerospace Division. -
Around $155m of the businesses in-force gross premium will be transferred to Core Specialty.
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The company sees the surety market as a ‘highly attractive’ segment
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“Consoloonan” are set to return to the public markets over a decade after their last conference call.
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The specialty insurer founded via a recapitalization of StarStone US is likely to go public in Q4.
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The ratings reflect the balance sheet strength of parent Core Specialty.
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The insurer appointed industry veteran Tim Martin as surety division president.
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The transaction for the financial services book leaves the legacy behind.
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The Specialty Markets Group produced DWP of $388mn in 2023.
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Woodlands Financial Services listing is likely in Q2, but overall environment is subdued.
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The specialty insurer agreed to pay $2.5mn in cash for the exclusive right to underwrite the security and alarm business through October 2025, and the unit’s renewal rights.
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After pricing below the expected range at its IPO, the Fidelis stock price slipped on the first day of trading - here's how other (re)insurance IPOs have gone since 2000.
