Log In

Stock will be available for $88 per share

The company also announces the closing of its underwritten secondary public offering

Underwritten secondary public offering of nine million common shares is expected to close on May 28

The company is not selling any common shares in the offering and will not receive any of the proceeds

Confirmation follows press reports that the Bermudian-domiciled insurer was planning an initial public offering in New York

The Bermuda insurer is offering 15 million Class B common shares in trading on the New York Stock Exchange

The company said it intends to use net proceeds from the offering to make capital contributions to its insurance and reinsurance operating subsidiaries

The company said it intends to use the net proceeds it receives from the offering to make capital contributions to its insurance operating subsidiaries

The common shares began trading on the New York Stock Exchange under the ticker symbol FIHL on Thursday

The Conyers logo appeared on the seven-storey, 10,000-square-foot screen on the Nasdaq Tower at Times Square

The company says it intends to use the net proceeds it receives from the offering to make capital contributions to its insurance operating subsidiaries

The company said it expects to use the net proceeds from the offering for general corporate purposes