Legal and Financial Titans Back the Offering
The legal architecture behind the IPO is a skyscraper in its own right:
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Skadden Arps Slate Meagher & Flom LLP: Gregory A. Fernicola, Todd E. Freed, and Dwight S. Yoo are advising the underwriters.
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Greenberg Traurig LLP: Represented by insurance industry heavyweight Fred E. Karlinsky.
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Davis Polk & Wardwell LLP: Featuring seasoned securities attorneys Richard D. Truesdell Jr., Stephen A. Byeff, and Joseph S. Payne.
Meanwhile, Barclays and Morgan Stanley are leading the charge as joint book-running managers, with Citizens Capital Markets, Keefe Bruyette & Woods (a Stifel company), and Piper Sandler rounding out the co-manager slate.
Why Investors Should Pay Attention
The IPO isn’t just about capital—it’s about timing. The U.S. coastal insurance market is navigating choppy waters. As traditional insurers exit hurricane-exposed states, Slide is sailing in, armed with risk modeling tech and fresh capital.
In many ways, Slide’s bet is twofold: that extreme weather is predictable enough to underwrite, and that investors still believe in long-term returns from short-term storms. With Florida’s property insurance market in flux and homeowner premiums at record highs, the timing could prove prescient—or perilous.
