HAMILTON, Bermuda--(BUSINESS WIRE)--Watford Holdings Ltd. (“Watford” or the “Company”), a global property and casualty insurance and reinsurance company, announced that its common shares began trading today on the Nasdaq Global Select Market under the symbol “WTRE”.
Watford’s CEO, John Rathgeber, said that “This is an important milestone in the evolution of Watford. Listing the Company on the Nasdaq achieves the objective of providing a liquidity mechanism for our existing shareholders; it will allow us to diversify our investor base; and it will give us access to the public capital markets when we need to finance our growth.”
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
About Watford Holdings Ltd.
Watford is a global property and casualty insurance and reinsurance company with approximately $1.1 billion in capital as of December 31, 2018 and with operations in Bermuda, the United States and Europe. Our strategy combines a diversified, casualty-focused underwriting portfolio, accessed through our multi-year, renewable strategic underwriting management relationship with Arch Capital Group Ltd., with a disciplined investment strategy comprising primarily non-investment grade corporate credit assets, managed by HPS Investment Partners, LLC.
Forward Looking Statements
This news release contains forward-looking statements. Forward-looking statements generally can be identified by the words “believes,” “expects,” “intends,” “plans,” “estimates” or similar expressions that indicate future events. These forward-looking statements include statements regarding the expected benefits of listing Watford's common shares. Such statements are based on current assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Watford disclaims any obligation to update these forward-looking statements because of new information, future events or circumstances or other factors.