Aspen Insurance Holdings Ltd. yesterday announced that it intends to launch an initial public offering on the New York Stock Exchange.

No date for the IPO has been announced, with the company saying in its filing with the Securities and Exchange Commission that the timing and terms of the offering are dependent on market conditions and the submission of regulatory filings.

The number of shares and the aggregate value of ordinary shares to be sold in the initial public offering will be determined in the future by Aspen and its underwriters.

Aspen expects to use the net proceeds from the initial public offering for general corporate purposes.