Article ID: ac4d6f032d80b71a119dfb68d5fb2411993a774c936fde3db716cf4cedc69cc8
Source ID: secondary:businessinsurance.com
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URL: https://www.businessinsurance.com/blackstone-backed-insurance-underwriter-files-for-ipo/
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Blackstone-backed insurance underwriter files for IPO - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Blackstone-backed insurance underwriter files for IPO P/C Insurers Sep 25, 2026 (Reuters) – Insurance underwriter TFP Group, better known as The Fidelis Partnership, filed for a U.S. initial public offering on Friday, as the fall IPO window looks to gain momentum after a tepid start. Expectations for a quick start to the fall IPO window have failed to materialize as surging bond yields and a tightening rate environment weigh on risk appetite. Just four companies have gone public in September, typically a strong month for the IPO market. Founded by industry veteran Richard Brindle, TFP was established as a standalone business in 2023 following a deal that saw Fidelis Insurance bifurcated into separate entities. The Hamilton, Bermuda-based company originates and underwrites global specialty insurance across over 150 business lines. TFP reported net income of $127.5 million on revenue of $407.5 million for the six months ended June 30, compared with net income of $74.5 million on revenue of $365.9 million a year earlier. The firm last year launched a new syndicate at Lloyd’s of London in partnership with Blackstone, the world’s largest alternative asset manager. TFP and some of its existing shareholders plan to sell shares in the offering. Besides Blackstone, TFP’s backers include Alfa Insurance, Capital Z Partners, and Travelers. Morgan Stanley, Barclays, and J.P. Morgan are among the underwriters. TFP will list on the NYSE under the symbol “TFP.” Related News Meta misled consumers in case over Cambridge Analytica scandal: jury September 25, 2026 Insurers to pay nearly $177M to settle Buffalo Diocese sex abuse claims September 25, 2026 Carisk buys FirstCare Onsite September 25, 2026 Imaginary children, real HR problems September 25, 2026 California comp benefits outpace combined total of three large states September 25, 2026 Aon offering global onshore renewables facility September 25, 2026 Brown & Brown unit names chief commercial officer September 25, 2026 Continental Re plans $156M IPO to fuel African growth September 25, 2026 Miller launches Malaysia operation as Asian expansion continues September 25, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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