Fidelis Insurance
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The carrier stands to raise $210mn from the offering. -
The increase takes the carrier’s total reserves for the conflict to $145.6mn.
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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 has set its IPO price at between $16 and $19 per common share, and will trade on the New York Stock Exchange under the ticker FIHL.
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The carrier also recorded a large one-off benefit from the separation of its balance sheet and MGU segments.
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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.
Related
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The Fidelis Partnership takes Arch’s Wells as COO
April 10, 2025 -
Fidelis Partnership promotes Beckert to Bermuda CUO
March 26, 2025