Fidelis Insurance Holdings Limited (FIHL) is looking to become publicly owned.

In a release, the company revealed: “Fidelis Insurance Holdings Limited… has confidentially submitted a draft registration statement on Form F-1 with the [US] Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its common shares.

“The number of common shares to be offered and the price range for the proposed offering have not yet been determined. The registration statement is expected to become effective, subject to market and other conditions, after the SEC completes its review process.”

FIHL is the name behind the companies collectively known as Fidelis Insurance Group. Earlier this year it completed the transaction that created managing general underwriter Fidelis MGU. The latter is separate from Fidelis Insurance Group and FIHL.

In another development on Wednesday, Fidelis MGU said Ben Fortune was promoted to chief underwriting officer for Bermuda. He has been with the business since 2015 and takes on the Bermuda CUO role with immediate effect.