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Commercial property poses the most intense competition due to rates dropping, terms and conditions, and line size.
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A timeline for the process has yet to be determined, but the base case is H1 2026.
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Sources said the Atlanta-based platform retained Evercore to run the auction.
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The NFP acquisition was a “tailwind for organic growth, not a key driver”, said CFO Edmund Reese.
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Staff targeted include producers that channel business through Howden’s London wholesale arm.
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As the IPO window opened, American Integrity, Slide, Ategrity and others followed Aspen.
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Sources said that Evercore is running the process, which went through first-round bids earlier this month.
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The former Everest executive has more than 30 years of A&H experience.
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Shares opened at $28.50 each, well above the $21 offer price.
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The Insurance Insider US news team runs you through the earnings results for the day.
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He will serve as an independent non-executive member.