Cohen & Co. Insurance Acquisition Corp. Raises $150 Million in IPO


Coverage acquisition corp., organisation backed by using cohen & co. And fashioned for the reason of acquiring or merging with insurance companies, completed an initial public imparting that raised gross proceeds to the organization of $a hundred and fifty,650,000.

Coverage acquisition corp. Is a “blank-check” corporation. It completed its ipo at the promise that it will whole a business aggregate within 18 months.
The enterprise says it intends to concentrate on identifying acquisitions in coverage or insurance associated provider organizations. Its targets might also include:

Coverage and/or reinsurance carriers, in any zone such as belongings/casualty, life and fitness;
Insurance run -off managers;
Coverage distribution organizations, including retail retailers, insurance brokers or handling general organizations;
Service providers, inclusive of claims or price management, business processing, premium charge facilitation, data and era vendors, and asset managers; and
Insuretech, including the ones focused on the use of technology to maximize financial savings and performance, launch increase opportunities and innovate new danger selection methods.
The new firm is focused on coverage, however below the terms of its presenting it is able to also complete its preliminary enterprise mixture out of doors of the insurance industry.

The organization’s devices began trading on march 20, 2019 at the nasdaq capital market under the image insuu

Cantor fitzgerald & co. Served as the sole ebook-running manager and btig become lead manager for the offering.

Philadelphia-primarily based cohen & co. Is a financial offerings business enterprise that specialize in constant income markets. The organization manages about $2.9 billion in fixed income property in a spread of asset classes such as u.S. And ecu believe favored securities, subordinated debt and company loans.

Legal warning !
The information, comments and suggestions there are not covered by investment advice. It is based on the author's personal opinions. These views may not fit your financial situation and risk and return preferences. For this reason, based solely on this information, investment decisions may not have the appropriate consequences for your expectation. Our Site is not responsible for any direct or indirect damages incurred by the investors as a result of the use of the information on the Site, deficiencies in the sources, damages incurred by profit, moral damages, or damage to third parties.