Kinsale IPO goes where others fear to tread

摘要

Kinsale Capital, a specialist insurer of hard-to-place small business risks, plans to bolster its capital base and fund its premium growth with the primary proceeds from an up to US$96m IPO scheduled to price on July 27. The deal's timing takes advantage of good aftermarket returns on recent US IPOs and a tailwind for the insurer's investment portfolio as stock and bond markets sit at or near record highs.