AHL News

Private credit has been a growing theme in recent years, and like many undertones in broader financial markets, it's making its way to the IPO market. When markets dropped in 2022, private companies in need of funding faced a new set of challenges as investors tightened their purse strings. Poor returns, a valuation correction, and market volatility pushed public offerings out of...read more

Specialty insurer The Fortegra Group (TFG) plans to raise $297 million this week, in what we expect to be the first in a string of insurance IPOs in 2024. Other possible IPO candidates include Aspen Insurance (AHL), on file since December, and The Woodlands Financial Group, which filed confidentially last month. Insurance...read more

Aspen Insurance Holdings, a Bermuda-based global provider of specialty P&C insurance and reinsurance, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering. However, this is likely a placeholder for a deal we estimate could raise up to $500 million. Aspen Insurance Holdings is a specialty (re)insurer with a diverse product mix balanced...read more

Aspen Insurance Holdings, a global property and casualty reinsurer, priced above its range and added an additional 1mm shares to its offering in order to satisfy strong institutional demand. The Burmuda based company issued a total of 10.524mm shares at $22.50 per share. Total gross proceeds were $236 million or 18% above initial expectations. Aspen had filed to sell 9.524mm...read more