Davis Polk advised the joint book-running managers and representatives of the underwriters in connection with the $106.3 million follow-on offering of 3,864,000 shares of common stock of Kinsale Capital Group, Inc. by certain of its stockholders, which included 504,000 shares from the full exercise of the underwriters’ over-allotment option to purchase additional shares from the selling stockholders. The common stock is listed on the NASDAQ Global Select Market under the symbol “KNSL."
Founded in 2009, Kinsale is an established and growing specialty insurance company. Kinsale 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. Kinsale markets and sells these insurance products in all 50 states and the District of Columbia through a network of independent insurance brokers.
The Davis Polk corporate team included partners Richard D. Truesdell Jr. and Byron B. Rooney and associates Roshni Banker Cariello and Paul Lee. Counsel Marcie A. Goldstein provided FINRA advice. The intellectual property and technology team included partner Pritesh P. Shah and associate Tilak Koilvaram. The tax team included partner David H. Schnabel and associate Dao Fu. All members of the Davis Polk deal team are based in the New York office.