Watford begins trading on Nasdaq

Property and casualty re/insurance Watford Holdings has begun trading its common shares on the Nasdaq Global Select Market under the symbol WTRE.

Watford Holdings is the parent company of Bermuda-based specialty re/insurer Watford Re, a joint venture between Arch Capital and New York-based hedge fund Highbridge Capital Management.

The company had publicly filed for an initial public offering (IPO) with the SEC on January 29.

"This is an important milestone in the evolution of Watford," said Watford CEO John Rathgeber. "Listing the Company on the Nasdaq achieves the objective of providing a liquidity mechanism for our existing shareholders; it will allow us to diversify our investor base; and it will give us access to the public capital markets when we need to finance our growth."