initial public offering (IPO) News

Brazil Weighs Sale of Some of Its Stake in IRB in $1.3B Reinsurer IPO: Sources

Brazil’s government is considering the sale of some of its stake in IRB-Brasil Resseguros SA, the largest reinsurer in Latin America, in a 4 billion-real ($1.3 billion) initial public offering, two people with direct knowledge of the matter said. In …

Insurer James River Group Files for IPO

James River Group Holdings Ltd, a Bermuda-based insurance holding company, filed for an initial public offering of common shares that would raise up to $288 million. Hedge fund D.E. Shaw & Co LP’s affiliates own 72.6 percent of the insurer’s …

Florida’s Federated National Seeks $40M in IPO

Federated National Holding Co., a Florida-based property/casualty insurer, announced that it has priced an underwritten public offering of 2,051,283 shares of its common stock at a price to the public of $19.50 per share for gross proceeds of $40.0 million. …

ING Said to Price Insurance Unit at Midrange in $1.9 Billion IPO

ING Groep NV, the biggest Dutch financial-services company, is likely to price the initial public offering of its European insurance arm at €20 [$27.38], in the middle of its original price range, according to a person with knowledge of the …

Ironshore Files for $100M IPO

Ironshore Inc., the insurer led by executives who left American International Group Inc. in the financial crisis, filed for a $100 million initial public offering so that its backers can reduce their stakes. Bank of America Corp. and UBS AG …

ING to Sell Shares in NN Insurance Unit as Soon as July

ING Groep NV, the biggest Dutch financial services company, confirmed its plans, first made public last week, to sell shares of its European insurance unit in an initial public offering, which it has now announced could take place as early …

Florida’s Heritage Insurance Sets IPO Price Per Share at $11

Clearwater, Florida-based Heritage Insurance Holdings Inc., a property/ casualty insurance holding company, announced the pricing of its initial public offering of 6,000,000 shares of its common stock at a price to the public of $11.00 per share. In connection with …

Florida’s Heritage Insurance Hopes to Raise $100 Million in IPO

A Florida property insurer that provides insurance coverage to 128,000 homeowners is planning to go public by issuing an initial public offering (IPO) that could result in the insurer raising up to $100 million in new capital. Heritage Insurance Holdings, …

Apollo, CVC Seek Initial Public Offering of Insurer Brit Group

Brit Insurance Holdings B.V., a Lloyd’s of London insurer owned by Apollo Global Management LLC and CVC Capital Partners Ltd., is planning an initial public offering in London next month. A minimum of 25 percent of the company will be …

Montpelier Re Sub Blue Capital Re Files for IPO

Bermuda-based Montpelier Re Holdings Ltd. and its wholly owned subsidiary Blue Capital Reinsurance Holdings Ltd. have announced that Blue Capital Re “has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the …