The ongoing stock market chaos and depressed share prices have led the St. Paul Companies to announce a delay in the launch of the initial public offering of shares in Platinum Underwriters Holdings, Ltd., the Bermuda-based company set up to take over the St. Paul’s reinsurance operations.
The company said only that the offering, which has already been filed with the Securities and Exchange Commission, had been “postponed due to current capital market conditions.” It added that it intends to complete the transaction, “as market conditions allow.”
Was this article valuable?
Here are more articles you may enjoy.
After ‘Two Clocks’ Workers’ Comp Court Ruling, Will Florida Claims Be Reopened? 
March Sadness: 20,000 New Englanders Lose Out on $50 Million in Refunds 
Insurer Nationwide Operating Income Up 37% in 2025 
Hands-Free Driving Systems Do Not Improve Safety, NTSB Says 
