Specializing in niche ‘specialty’ insurance lines
- Aspen Insurance Holdings files for IPO
- Acquired by Apollo Global Management in 2019
- Specializes in niche ‘specialty’ insurance lines
- Wrote $2.125 billion in gross written premiums in H1 2021
- Combined ratio of 83.8%
- No expected size or price range for the IPO
- Underwriters include Goldman Sachs, Citigroup, Jefferies, and Apollo Global Securities
Aspen Insurance Holdings, which was acquired by Apollo Global Management in 2019, has filed for an initial public offering (IPO) with the Securities and Exchange Commission. The company specializes in niche ‘specialty’ insurance lines such as professional liability, credit and political risk, cyber, and environmental. In the first half of 2021, Aspen Insurance wrote $2.125 billion in gross written premiums, achieving a combined ratio of 83.8%. The company has not disclosed the expected size or price range for the IPO, nor has it announced the listing venue. The underwriters for the offering include Goldman Sachs, Citigroup, Jefferies, and Apollo Global Securities.
Public Companies: Aspen Insurance Holdings (N/A), Apollo Global Management (N/A), Goldman Sachs & Co. LLC (N/A), Citigroup (N/A), Jefferies (N/A), Apollo Global Securities (N/A)
Private Companies:
Key People:
Factuality Level: 8
Justification: The article provides factual information about Aspen Insurance Holdings filing for an initial public offering with the Securities and Exchange Commission. It includes details about the company’s specialty insurance product set and its financial performance for the six months ended June 30. However, it lacks information about the expected size and price range of the IPO, as well as the listing location for the shares.
Noise Level: 7
Justification: The article provides basic information about Aspen Insurance Holdings filing for an IPO, but it lacks in-depth analysis, evidence, or actionable insights. It mainly focuses on the company’s product set and financial figures without exploring the potential risks or long-term trends in the insurance industry. The article also does not hold powerful people accountable or provide scientific rigor. Overall, it contains some relevant information but lacks depth and critical analysis.
Financial Relevance: Yes
Financial Markets Impacted: The financial markets that may be impacted by this news article are the insurance and reinsurance markets. Companies in these industries may also be affected.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The news article is about Aspen Insurance Holdings filing for an initial public offering (IPO). While this event is significant for the company and the financial markets, it does not describe an extreme event or have a direct impact on the broader economy or society.
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