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Latest Aspen News from Insurance Insider US
The company’s upsized public offering priced at $30 per ordinary share.
The IPO was announced at the end of April, targeting ~$2.6bn-$2.9bn.
The specialty carrier is braving volatile macroeconomic conditions in a second effort to list.
We assess the Bermudian’s standing amid waning investor sentiment and economic uncertainty.
The carrier is targeting an IPO valuation between $2.6bn and $2.9bn.
The carrier is offering shares priced at $29-$31.
The Insurance Insider US news team runs you through the earnings results for the day.
In October, this publication revealed that the carrier had resumed IPO preparations.
Cat losses in reinsurance rose 11.1% year over year to $45.1mn, driven by Hurricane Helene.
He joins from R&Q Insurance Holdings, where he has been chief accounting officer.
The business put up strong H1 numbers, and has named Christian Dunleavy group president.
Coalition Re to offer active cyber reinsurance via two products supported by Aspen-led capacity.
The Insurance Insider US news team runs you through the earnings results for the day.
The new leadership structure is designed to create more accountable executive roles responsive to Aspen’s strategy.
Dellwood recently appointed Aspen’s Felicia Rawlin as head of property.
The carrier will reassess the market in the fourth quarter, or early in 2025.
Aspen said reduced reinsurance appetite made it a good time to seek alternative capacity.
The companies originally established the capacity agreement in January 2023.
The group-level CoR worsened 4.7-points in the quarter, coming in at 89.4%.
The deal adds to Aspen’s existing support of the InsurTech in the UK and Canada.
Woodlands Financial Services listing is likely in Q2, but overall environment is subdued.
Putting together two “show me” stories risks investor skepticism.
It was announced earlier today that former Aspen UK CEO Richard Milner was set to join Chaucer as group CEO.
The company also confirmed earlier reports from this publication that Goldman Sachs would be a leading bookrunner, along with Citigroup, Jefferies and Apollo Global Securities for its ~$4bn H1 2024 IPO in New York.
Based in Chicago, Michael Tate will be responsible for the design, implementation and execution of insurance solutions related to the US inland marine business.
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The firm expects to replace the volume with Innovations-channel business. -
Hamilton also expects rising demand and stable supply for June 1 renewals.
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Jack Kuhn, President of Westfield Specialty, discusses the shifting market cycles and changing landscape at RISKWORLD 2025.
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From Insurance Insider ILS
Cat bond investor supply still outweighs sponsor demand: Twelve Securis CEO
Private ILS would benefit from extension spreads to manage investor concerns, the CEO argued.
From Insurance Insider ILS
State Farm, Citizens and Twia mull mega-bond deals equal to ~$3bn
The mega cat bond season in Q2 last year recorded issuance of $8.2bn.
From Insurance Insider ILS
Casualty ILS market can double annually in next two years: MultiStrat CEO
Industry sources estimate the market to be around $3bn.
From Insurance Insider
Arcas promotes Deane to MD, head of US
The firm also promoted Devin Inskeep to an expanded role as SVP, head of ratings and advisory.
From Insurance Insider
Reinsurance market 'responsive' for 1.1 with ample capacity: GC
A more consistent trading rhythm returned to the property market, with capacity deployment outside of frequency-exposed layers and more heavily loss-impacted segments bouncing back.
Insurance Insider provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.
Insurance Insider ILS provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.