NasdaqGS:PLMRInsurance
Palomar Expands Surety Footprint And Flexibility With Acquisition And US$450m Facility
Palomar Holdings (NasdaqGS:PLMR) has completed its acquisition of The Gray Casualty & Surety Company.
The company has also secured $450 million in new unsecured financing.
The transaction expands Palomar's surety franchise and broadens its geographic footprint.
The new financing is intended to support Palomar's operational scale and financial flexibility.
Palomar Holdings focuses on specialty insurance, and adding The Gray Casualty & Surety Company gives it a larger presence in the surety...