Stocks

Catastrophe insurer Palomar Specialty Insurance Company is offering a total of 6.47mn shares, with an initial public offering price expected of between $15.00 and $17.00 per share.

FedNat agreed to acquire 1347 PIH’s homeowners’ insurance operations.

Arcus plans to continue expanding its US property insurance business this year after hiring a new team to write the class in 2018.

The sidecar was established in 2017 to provide support for Hamilton Re’s reinsurance portfolio.

Ontario Teachers’ kept its C$150mn ($85.60mn)-plus investments in DaVinci Re, the Hudson Catastrophe Fund and Kyobo last year as it cut capacity for 2019.

The gain was ahead of the year-ago February performance.

Stone Ridge’s Interval fund has shrunk due to catastrophe events and investor redemptions.

The placement should keep the insurer’s bond total at $900mn.

The Credit Suisse-backed managing general agent took a £6.6mn loss in 2018, down from £7.7mn the year before.

The vehicle will take a 25 percent quota share of the reinsurer’s property catastrophe portfolio.

The London Corporation could offer accredited investors the chance to participate in specific risks.

Shareholders in the retro provider’s listed fund voted in favour of the runoff.