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E&S insurer Kinsale Insurance prices IPO at $16, the high end of the range

July 27, 2016
KNSL

Kinsale Capital Group, a property and casualty insurer providing excess and surplus insurance, raised $106 million by offering 6.6 million shares at $16, the high end of the range of $14 to $16. Kinsale Capital Group plans to list on the Nasdaq under the symbol KNSL. J.P. Morgan, William Blair and RBC Capital Markets acted as lead managers on the deal.