RICHMOND, Va., May 10, 2017 (GLOBE NEWSWIRE) -- Kinsale Capital Group, Inc. (NASDAQ:KNSL) today announced that the selling stockholders named in the preliminary prospectus are offering to sell 3,302,736 shares of Kinsale common stock in an underwritten offering, subject to market and other conditions. Kinsale will not receive any proceeds from the offering. In connection with the offering, certain of the selling stockholders have granted the underwriters an option to purchase up to an additional 495,409 shares.
J.P. Morgan Securities LLC and William Blair & Company, L.L.C. are acting as joint book-running managers for the offering. RBC Capital Markets, LLC is also acting as a joint book-running manager. SunTrust Robinson Humphrey, Inc., Dowling & Partners Securities LLC and Moelis & Company LLC are acting as co-managers. Copies of the preliminary prospectus related to the offering may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 1-866-803-9204, or William Blair & Company, L.L.C., Attention: Prospectus Department, 222 West Adams Street, Chicago, IL 60606, or by telephone at 1-800-621-0687 or email at prospectus@williamblair.com.
A registration statement on Form S-1 relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Kinsale Capital Group, Inc.
Kinsale Capital Group, Inc. is a specialty insurance group headquartered in Richmond, VA, focusing on the excess and surplus lines market.