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Geovera Cancels IPO

Geovera Insurance Holdings Ltd., a Bermuda-based residential property insurer, has withdrawn registration for an IPO. It had been planning to sell 5.9 million shares at between $16 and $19 per share.

JPMorgan and Merrill Lynch were serving as co-lead underwriters. Shareholders include Hellman & Friedman (65.1% pre-IPO stake) and Friedman Fleischer & Lowe (32.5%).