Melbourne, Florida-based Orion180 filed for a Nasdaq IPO under OIG after swinging to $13.5 million net income on $80.1 million revenue in H1 2026. The E&S homeowners insurer reports $601 million in direct written premiums and over 14,000 agents. Underwriters include Goldman Sachs, RBC, and UBS.
Source: insurancejournal.com · Bloomberg
Shapoorji Pallonji Group’s scramble to extend $1.5 billion in bonds highlights the fragility of collateralised real-estate-linked debt. For proptech platforms and fintech lenders, the case stresses the need for dynamic, technology-driven asset valuation in Indian real estate.
Shapoorji Pallonji Group’s consent solicitation for its $1.5 billion zero-coupon bonds—offering just 30 basis points—reflects deepening stress as the value of its Tata Sons stake erodes. With the 19.75%-yielding $3.4 billion loan also facing covenant stress, lenders led by Ares remain at odds, raising default fears.
Source: economictimes.indiatimes.com · Bloomberg