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News  ›  Benzinga

Palomar Holdings, Inc. Announces Agreement to Acquire The Gray Casualty & Surety Company

Benzinga Logo Benzinga By Globe Newswire
Palomar Holdings, Inc. Announces Agreement to Acquire The Gray Casualty & Surety Company

Palomar Holdings, Inc. has agreed to acquire The Gray Casualty & Surety Company for $300 million in cash, expected to close in the first half of 2026. The acquisition aims to enhance Palomar's surety franchise and expand its market presence.

Insights
UAL   neutral

Mentioned as continuing capacity purchase agreement, with no significant positive or negative indicators in the article


PLMR   positive

Proactively expanding market position through strategic acquisition, with leadership expressing excitement about the transaction's potential to drive growth