Fidelis Insurance tests waters on IPO as it points to 13%-15% RoE
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Fidelis Insurance tests waters on IPO as it points to 13%-15% RoE

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Fidelis Insurance Group pitched potential IPO investors over the past two weeks, as it pointed to the potential for a mid- to high-80s target combined ratio and a 13%-15% RoE over the next couple of years, this publication can reveal.

Sources suggested that the base case for the launch of the New York IPO for the carrier is May, although as ever with listings this will depend on sufficiently favorable equity market conditions.

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