Bermuda-based Blue Capital Re, which offers collateralised reinsurance in the property cat space, has registered its intent to make an IPO with the US Securities and Exchange Commission.
Blue Capital is a subsidiary of cat specialist, Montpelier Re.
Through the IPO Blue Capital is likely to look to take advantage of rising investor interest in the collateralised and cat reinsurance space.
The number of shares and their price is yet to be determined. Deutsche Bank Securities will act as book-runner on the deal.
Blue Capital, IPO, Montpelier Re, US, collateralised reinsurance, property cat