Kinsale Capital Group has formed a Virginia-based E&S insurer, called Kinsale Insurance Co., that will underwrite commercial property/casualty and professional liability E&S lines in 31 states and the District of Columbia.
The company said it is applying for eligibility in the remaining states.
Kinsale and its affiliates currently have 43 employees in Richmond. It recently raised $80 million of capital and has invested $66 million in the specialty insurer subsidiary.
The company is backed by private equity firms Moelis Capital Partners, based in New York, and Virginia Capital Partners.
Michael P. Kehoe serves as president and CEO of Kinsale.
Source: Kinsale Insurance Co.
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