specialty insurer News

Altamont Capital Partners Agrees to Acquire Topa Insurance Group

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 …

Specialty Insurer Kinsale Capital Plans Public Offering

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 …

Medical Professional Insurer Market Prepped for Consolidation: Fitch

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 …

James River Insurance Seeking $685M Valuation in IPO

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 …

OneBeacon Selling Runoff Business to Bermuda’s Armour Group

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 …