January 11, 2022
New Jersey-based specialty insurer Transverse Insurance Group reported it has raised $48 million of additional capital to support expansion of its hybrid fronting insurance business. The $48 million raise was comprised of a private placement of $30 million aggregate principal …
September 16, 2021
Ategrity Specialty Insurance Co. sad it has completed a $75 million capital raise led by Sequentis Financial LLC to support its continued growth. Ategrity is a Scottsdale, Arizona-based specialty property/casualty insurance company focused on the excess and surplus lines market …
August 7, 2019
Altamont Capital Partners has signed a definitive agreement to acquire Calabasas, Calif.-based Topa Insurance Group from its long-time owner, Topa Equities Ltd. Terms of the deal weren’t disclosed. The transaction is subject to customary closing conditions, including receipt of required …
August 7, 2019
Richmond, Virginia-based specialty insurer Kinsale Capital Group said it intends to offer 530,000 shares of common stock in a public offering. Kinsale said it also expects to grant the underwriters a 30-day option to purchase up to an additional 79,500 …
September 29, 2015
The medical professional liability insurance market continued its years-long decline in 2014 in terms of net written premium volume, hammered by forces including worsening accident-year results and a rapidly evolving healthcare market, Fitch Ratings found. Despite its challenges, the MPLI …
December 4, 2014
James River Group Holdings Ltd., the insurer backed by D.E. Shaw & Co. and Goldman Sachs Group Inc., is seeking a valuation of as much as $685 million in an initial public offering. Investors are offering 11 million shares for …
October 18, 2012
Continuing its repositioning as a specialty insurer, OneBeacon Insurance Group Ltd. is selling its runoff business to an affiliate of Armour Group Holdings Limited. OneBeacon said it will transfer to Armour certain legal entities within the OneBeacon group, which will …