Watford Holdings prepares for Nasdaq listing this week

Property and casualty re/insurer Watford Holdings anticipates it will start trading on the Nasdaq Global Market on March 28, having filed its registration statement with the US Securities and Exchange Commission.

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

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.

On March 26, the SEC had declared effective Watford's registration statement on Form S-1 relating to the company's common shares in connection with its proposed listing.

The Bermuda re/insurer is set to trade its common shares under the ticker symbol, WTRE.

Watford has retained JP Morgan, Barclays and Morgan Stanley as joint lead advisors on the listing. BofA Merrill Lynch is acting as co-advisor.