IPOs

From here on out, insurers will likely have to rely on the strength of their individual stories.

Sources said the company has halted its Q2 listing and will reassess the market next year.

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.