System Verilog Assertion (SVA) formulation, a critical yet complex task, is a pre-requisite in the Formal Property Verification (FPV) process. Traditionally, SVA formulation involves expert-driven interpretation of specifications. This is time consuming and prone to human error. However, recent advances in Large Language Models (LLM), LLM-informed automatic assertion generation is gaining interest. We designed a novel LLM-based pipeline to generate assertions in English Language, Linear Temporal Logic, and SVA from natural language specifications. We developed a custom LLM-based on OpenAI GPT4 for our experiments. Furthermore, we developed testbenches to verify/validate the LLM-generated assertions. Only 43% of LLM-generated raw assertions had errors, including syntax and logical errors. By iteratively prompting the LLMs using carefully crafted prompts derived from test case failures, the pipeline could generate correct SVAs after a maximum of nine iterations of prompting. Our results show that LLMs can streamline the assertion generation workflow, reshaping verification workflows.