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Equity Capital Markets

Ategrity Specialty Holdings / Equity Capital Markets

<ul>
<li>For the year ended December 31, 2024, they wrote $437.0 million in gross written premiums, representing a compound annual growth rate of 28.4% over the last two years.</li>
<li>We anticipate this company to set terms (share size, price range) and debut in the second half of April.</li>
<li>Zimmer Financial Services Group LLC (“ZFSG”) will continue to be a majority owner of Ategrity following this offering. </li>
</ul>


For the year ended December 31, 2024, they wrote $437.0 million in gross written premiums, representing a compound annual growth rate of 28.4% over the last two years.
We anticipate this company to set terms (share size, price range) and debut in the second half of April.
Zimmer Financial Services Group LLC (“ZFSG”) will continue to be a majority owner of Ategrity following this offering. 


Ategrity Specialty Holdings (ASIC): Peeking at the Prospectus of the Next Specialty Insurer IPO

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>W.</li><li>R.</li><li>Berkley Corporation demonstrated solid financial performance in its third quarter of 2024, despite sector-wide challenges, notably from natural catastrophes.</li></ul>

W.R.Berkley Corporation demonstrated solid financial performance in its third quarter of 2024, despite sector-wide challenges, notably from natural catastrophes.

W.R. Berkley Corporation:  It’s Efforts Towards Investment Strategy & Yield Optimization & Other Major Drivers

Equity Long-Short Analyst

Pyari Menon

Skyward Specialty Insurance Gr / Equity Bottom-Up

<ul>
<li>One of the areas of fintech innovations, seeing significant growth is insurtech. Big data, AI, and IoT have enabled innovations in customer experience, risk assessment, and personalized products.</li>
<li>
<a href="https://www.smartkarma.com/entities/skyward-specialty-insurance-gr" target="_blank" data-smartkarma-citation="entities:37180:1" rel="noopener">Skyward Specialty Insurance Gr (SKWD US)</a>'s focus on underserved and complex markets, with unique risks, should give the company better growth and margins runway. </li>
<li>Integration of proprietary  and collaborative technologies to enhance operational efficiency and customer experience in specific niches makes Skyward very competitive in admitted and  specialty insurance segments. </li>
</ul>


One of the areas of fintech innovations, seeing significant growth is insurtech. Big data, AI, and IoT have enabled innovations in customer experience, risk assessment, and personalized products.

Skyward Specialty Insurance Gr (SKWD US)'s focus on underserved and complex markets, with unique risks, should give the company better growth and margins runway. 
Integration of proprietary  and collaborative technologies to enhance operational efficiency and customer experience in specific niches makes Skyward very competitive in admitted and  specialty insurance segments. 


Skyward Specialty Insurance: Leveraging Insurtech for Growth in Underserved Markets

<ul><li>W.R. Berkart Corporation began the year 2024 with exceptionally strong quarterly financial performance, marked by record levels of operating income, net investment income, and underwriting income.</li><li>The positive outcomes from this first quarter reveal a company that is harnessing its capabilities effectively across various areas of its operations.</li><li>During the quarter, W.R. Berkley Corporation manifested a commendable growth in net premiums written, which escalated to nearly $2.9 billion, marking an increase of 10.7% over the previous period.</li></ul>

W.R. Berkart Corporation began the year 2024 with exceptionally strong quarterly financial performance, marked by record levels of operating income, net investment income, and underwriting income.The positive outcomes from this first quarter reveal a company that is harnessing its capabilities effectively across various areas of its operations.During the quarter, W.R. Berkley Corporation manifested a commendable growth in net premiums written, which escalated to nearly $2.9 billion, marking an increase of 10.7% over the previous period.

W. R. Berkley Corporation: A Bear's Perspective! - Major Drivers

W. R. Berkley Corporation: Initiation of Coverage - Does It Have Sustainable Competitive Advantage? - Major Drivers

United States

W. R. Berkley Corporation, an insurance holding company, conducts operations in various segments of the property casualty insurance business.  Segments include specialty lines of insurance, alternative markets, reinsurance, regional property casualty insurance, and international.

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Wr Berkley Corp (WRB US)

Ategrity Specialty Holdings (ASIC): Peeking at the Prospectus of the Next Specialty Insurer IPO

Ategrity shows strong growth with $437.0 million in premiums. ASIC is set to debut in April with majority ownership by ZFSG.

IPO Boutique

W.R. Berkley Corporation: It’s Efforts Towards Investment Strategy & Yield Optimization & Other Major Drivers

W. R. Berkley Corporation demonstrated solid financial performance in its third quarter of 2024, despite sector-wide challenges, notably from...

Baptista Research

Skyward Specialty Insurance: Leveraging Insurtech for Growth in Underserved Markets

Skyward Specialty’s focus on underserved, niche markets, with disciplined underwriting and innovative use of technology, positions it to drive...

Pyari Menon

W. R. Berkley Corporation: A Bear's Perspective! - Major Drivers

W.R. Berkart Corporation began the year 2024 with exceptionally strong quarterly financial performance, marked by record levels of operating...

Baptista Research

W. R. Berkley Corporation: Initiation of Coverage - Does It Have Sustainable Competitive Advantage? - Major Drivers

W.R. Berkart Corporation began the year 2024 with exceptionally strong quarterly financial performance, marked by record levels of operating...

Baptista Research

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Ategrity Specialty Holdings (ASIC): Peeking at the Prospectus of the Next Specialty Insurer IPO

​Ategrity shows strong growth with $437.0 million in premiums. ASIC is set to debut in April with majority ownership by ZFSG.

IPO Boutique

W.R. Berkley Corporation: It’s Efforts Towards Investment Strategy & Yield Optimization & Other Major Drivers

W. R. Berkley Corporation demonstrated solid financial performance in its third quarter of 2024, despite sector-wide challenges, notably from...

Baptista Research

Skyward Specialty Insurance: Leveraging Insurtech for Growth in Underserved Markets

Skyward Specialty’s focus on underserved, niche markets, with disciplined underwriting and innovative use of technology, positions it to drive...

Pyari Menon

W. R. Berkley Corporation: A Bear's Perspective! - Major Drivers

W.R. Berkart Corporation began the year 2024 with exceptionally strong quarterly financial performance, marked by record levels of operating...

Baptista Research

W. R. Berkley Corporation: Initiation of Coverage - Does It Have Sustainable Competitive Advantage? - Major Drivers

W.R. Berkart Corporation began the year 2024 with exceptionally strong quarterly financial performance, marked by record levels of operating...

Baptista Research

Ategrity shows strong growth with $437.0 million in premiums. ASIC is set to debut in April with majority ownership by ZFSG.