Aspen Insurance Holdings Limited, the Bermudian-domiciled insurer, has confirmed that it is contemplating an initial public offering next year.

The announcement follows a report by the Financial Times last week that Aspen is planning to hold its $4bn initial public offering in New York instead of London.

In a statement, Aspen said: “There is no assurance that Aspen will pursue an IPO or that any IPO will be successful.

“To the extent Aspen pursues an IPO, neither the number of ordinary shares to be offered nor the price range for any such potential IPO has been determined at this time.

“A registration statement relating to Aspen’s ordinary shares to be sold in the proposed IPO is expected to be filed with the Securities and Exchange Commission, but has not been filed or become effective.

“To the extent a registration statement is so filed, any IPO is subject to completion of the SEC’s review process.”

Two Bermudian-based entities, Fidelis and Hamilton Insurance, have this year launched IPOs on the New York Stock Exchange.