WASHINGTON (Dow Jones/AP) — GeoVera Insurance Holdings Limited has filed for an initial public offering worth up to $115 million in stock.The Bermuda-based provider of specialty residential property insurance didn’t disclose in a filing with the US Securities and Exchange Commission how many shares will be offered. It also didn’t provide an estimated price range for the IPO.

GeoVera said it plans to use the net proceeds of the offering to fund its insurance subsidiaries and for other general corporate purposes. Listed as underwriters for the IPO are JP Morgan; Merrill Lynch & Co, Keefe, Bruyette & Woods; William Blair & Co, and Dowling & Partners Securities.

The company said it has applied to list its stock on the Nasdaq Global Market under the symbol “GEOV.”

For 2006, GeoVera had net income of $35.5 million, up from $14.5 million in 2005.