Kinsale Capital Group, Inc. $150.4 Million Follow-On Offering

Davis Polk advised the joint book-running managers and representatives of the underwriters in connection with the $150.4 million follow-on offering of 4,557,774 shares of common stock of Kinsale Capital Group, Inc. by certain of its stockholders, which included 594,492 shares from the full exercise of the underwriters’ over-allotment option to purchase additional shares from certain of the selling stockholders. The common stock is listed on the NASDAQ Global Select Market under the symbol “KNSL.”

J.P. Morgan, William Blair, RBC Capital Markets, SunTrust Robinson Humphrey, Dowling & Partners Securities LLC and Moelis & Company acted as underwriters.

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, 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. (Picture), counsel Jeffrey S. Ramsay and associates Andrew J. Terjesen and Leigh Katz. 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.

Involved fees earner: Richard Truesdell – Davis Polk & Wardwell; Jeffrey Ramsay – Davis Polk & Wardwell; Andrew Terjesen – Davis Polk & Wardwell; Leigh Katz – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Tilak Koilvaram – Davis Polk & Wardwell; David Schnabel – Davis Polk & Wardwell; Dao Fu – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: JP Morgan; RBC Capital Markets; Moelis & Company; SunTrust Robinson Humphrey, Inc.; William Blair & Company, L.L.C.; Dowling & Partners Securities;


Author: Ambrogio Visconti