Hamilton Insurance Group
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Hamilton’s IPO share price came in at the lower end of historical trends observed amongst insurers that have missed their target range upon listing. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The carrier’s $15 per share listing came in below its $16.90 book value per share at the mid-year reporting point, or a 0.9x multiple.
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The carrier is offering 15 million Class B common shares, according to a registration statement filed with the SEC.
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Investors must weigh a differentiated investment strategy and true specialty opportunity against partial third-party investment control and historical losses.
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Karna has previously served as global chief data officer at Axa XL, while Gauthier is the former chief investment officer of Allied World.
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The carrier is also pursuing growth in the political violence and US E&S market.
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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 intends to list its common shares on the New York Stock Exchange under the ticker symbol “HG”.
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Last week, the Bermudian carrier filed its draft registration statement for a proposed IPO to the US Securities and Exchange Commission.
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The carrier has not determined the number of common shares to be offered, nor the price range for its proposed IPO.
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The executive brings 17 years of industry experience and joins from N2G Worldwide Insurance Services, where he served as SVP of underwriting.
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