Capital raising
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The CEO said Ascot would deploy capital where it sees opportunities. -
Insurance Insider US revealed last year that Intercare had retained MarshBerry to explore strategic options.
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Insurance Insider US revealed last week that Hub had secured a ~16.5x Ebitda valuation in its “private IPO”.
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The initial offering includes 6,875,000 shares of common stock.
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The IPO was announced at the end of April, targeting ~$2.6bn-$2.9bn.
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The specialty carrier is braving volatile macroeconomic conditions in a second effort to list.
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The move will allow clients to take on larger and more complex projects
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We assess the Bermudian’s standing amid waning investor sentiment and economic uncertainty.
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The initial offering will include 6,875,000 shares of common stock.
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The carrier is offering shares priced at $29-$31.
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Sources said JP Morgan and RBC are advising the brokerage.
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The Floridian is expecting to have around 40,000 policies in force by year-end.
Related
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Acrisure to offer $750mn senior notes due 2032
June 05, 2025 -
Trucordia secures $1.3bn investment from Carlyle
June 04, 2025