May 13 (Reuters) -

* BOWHEAD SPECIALTY ANNOUNCES LAUNCH OF INITIAL PUBLIC

OFFERING

* BOWHEAD SPECIALTY: LAUNCH OF ITS INITIAL PUBLIC OFFERING

OF 6.7

MILLION SHARES OF ITS COMMON STOCK

* BOWHEAD SPECIALTY: INITIAL PUBLIC OFFERING PRICE IS

EXPECTED TO

BE BETWEEN $14.00 AND $16.00 PER SHARE

* BOWHEAD SPECIALTY: APPLIED TO HAVE ITS COMMON STOCK

APPROVED FOR

LISTING ON NEW YORK STOCK EXCHANGE UNDER SYMBOL "BOW."

* BOWHEAD SPECIALTY: J.P. MORGAN, MORGAN STANLEY AND KEEFE,

BRUYETTE & WOODS ARE THE UNDERWRITERS FOR IPO

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