Montpelier Re Holdings raised $201 million from its IPO in October. The company offered its shares at $25 apiece. After fluctuating between $21.40 and $29.75, the share price was $28.83 at the end of trading yesterday.

Platinum Underwriters Holdings - a company set up by the St. Paul group of companies to carry its reinsurance - was supposed to float on the New York Stock Exchange, but the company delayed its IPO plans, citing poor market conditions. After a number of false starts, shares in the company finally started trading on the New York Stock Exchange in late October. The company raised $677 million from the IPO, and the company's share price has risen from $22.52 to $25.49.

Just before Christmas, Endurance announced plans to raise $200 million through an IPO on the New York Stock Exchange. Endurance would be the second insurer to go public of those set up in Bermuda after September 11, 2001. Montpellier Re was the first. The company plans to use the net proceeds to provide additional capital to subsidiaries, repay a portion the outstanding debt under credit facilities and for other general corporate purposes, it said. Endurance has not yet say how many shares it would sell or the price range.