topstockalerts
Sep 25, 11:48 PM
TFP Group Limited, the world’s largest independent managing agent, has filed for an IPO on the New York Stock Exchange under the ticker “TFP.” The Bermuda-incorporated, London-based company is offering ordinary shares alongside selling shareholders, with Morgan Stanley, Barclays and J.P. Morgan leading the underwriting syndicate.
Founded in 2023 after its spin-off from Fidelis Insurance, TFP operates a capital-light, fee-based model focused on placement fees and profit-sharing arrangements. It reported
$407.5 million in revenue and
$127.5 million in net income for the six months ended June 30, 2026.
TFP operates Fidelis Underwriting and Pine Walk, originating specialty and reinsurance risks across more than 140 countries. It facilitated
$5.8 billion in gross written premiums over the 12 months ended June 30, backed by multi-year capacity agreements with Pelagos Insurance Capital and Lloyd’s Syndicates 3123 and 2126.
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