Reuters: IPOX® Analyst Muehlbauer Comments on Aspen Insurance's Return to Public Market

Aspen Insurance is preparing for a return to the New York Stock Exchange after more than six years, according to a recent Reuters report by U.S. IPO reporter Arasu Basil. The Bermudian specialty insurer, owned by private equity firm Apollo Global Management since 2019, is targeting a valuation of up to $2.85 billion. Apollo plans to offer 11 million shares priced between $29 and $31 each, aiming to raise up to $341 million while retaining a controlling stake.

The article highlights Aspen's turnaround under Apollo's ownership. After facing significant losses prior to the acquisition, the insurer returned to profitability in 2021 following strategic repositioning, disciplined underwriting, and a focus on niche specialty lines.

IPOX® Research Analyst Lukas Muehlbauer, provided commentary for the article, explaining the appeal of such listings in the current climate: "With ongoing recessionary concerns, we anticipate continued interest in sectors perceived as more defensive and less sensitive to macroeconomic headwinds or tariffs... Insurance fits this profile."

Read the full article here: https://www.reuters.com/markets/deals/apollos-aspen-insurance-targets-up-29-billion-valuation-us-ipo-2025-04-29/