Kinsale Capital Group follow-on offering
Davis Polk advised the underwriter in connection with the $48 million follow-on offering of 155,000 shares of common stock of Kinsale Capital Group, Inc. The common stock is listed on the New York Stock Exchange under the symbol “KNSL.”
Founded in 2009, Kinsale is a property and casualty insurance company that focuses exclusively on the excess and surplus lines market in the United States, where it can use its underwriting expertise to write coverages for hard-to-place small business risks and personal lines risks. It markets and sells insurance products in all 50 states, the District of Columbia, the Commonwealth of Puerto Rico and the U.S. Virgin Islands primarily through a network of independent insurance brokers.
The Davis Polk corporate team included partner Richard D. Truesdell Jr., counsel Jeffrey S. Ramsay and associate Tianwei Liu. The intellectual property and technology transactions team included partner Pritesh P. Shah and associate S. Dream Montgomery. The tax team included counsel Aliza Slansky and associate Kendra Simpson. All members of the Davis Polk deal team are based in the New York office.