Palomar Holdings to buy Gray Casualty & Surety in $300 mln deal to expand franchise
NEW YORK – Specialty insurer Palomar Holdings Inc said on Tuesday it has agreed to acquire The Gray Casualty & Surety Company from private equity firm Bernhard Capital Partners in a cash deal valued at $300 million. The acquisition, approved by both companies’ boards, is expected to close in the first half of 2026, pending regulatory…