Fidelis Insurance
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The Fidelis IPO has no clear precedent, but there is an appetite for investment in the specialty space, as seen earlier this year with the Skyward public listing.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The carrier cited a “huge” spread of possible outcomes from various lawsuits relating to aviation claims from the conflict.
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The insurer plans to be listed on the New York Stock Exchange.
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Cutting a multi-billion carrier in two looks likely to be the preserve of a select group.
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Alignment mechanisms include Fidelis MGU’s 9.9% stake in the balance sheet, personal MGU management stake and a significant profit commission.
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