(Reuters) – Hamilton Insurance Group is targeting a valuation of up to $2 billion in its U.S. initial public offering, the company said on Wednesday.
The company, along with some existing investors looking to sell their shares, aims to raise up to $270 million.
The Bermuda-headquartered company was founded in 2013 and underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries.
Barclays and Morgan Stanley are the lead underwriters for the offering.
(Reporting by Niket Nishant in Bengaluru; Editing by Shounak Dasgupta and Sriraj Kalluvila)
