IPOs

The carrier will reassess the market in the fourth quarter, or early in 2025.

The filing comes four months after Insurance Insider US revealed Bowhead’s intentions to launch an IPO this year.

Challenges include integration, delevering, winning staff over and building a compelling equity story.

Sources said preparations for a 2024 IPO were halted, but work could resume later this year.

Sources said Stone Point and CD&R will each have stakes of around 35%.

Woodlands Financial Services listing is likely in Q2, but overall environment is subdued.

The company has applied to list on the NYSE under the symbol TFG.

Putting together two “show me” stories risks investor skepticism.

Sources said that the likeliest path for the business now is to prepare itself for an IPO, which would probably be unfeasible before 2025.

Sources said the fast-growing homeowners' Floridian is finalizing the process to retain investment banks with the aim for an equity event to take place in the first half of the year.

The Aspen IPO provides an opportunity to benefit from the specialty market without commensurate prior-year reserve risks due to an LPT cover.

Insurance Insider US dissects the largest and hottest deals of the year across broking, reinsurance and other segments of the industry.