The holding company for Henrico County-based specialty insurance provider Kinsale Insurance Co. is planning an initial public offering of stock that could raise up to $100 million.
Kinsale Capital Group Inc., whose subsidiary is Kinsale Insurance, filed registration documents with the U.S. Securities and Exchange Commission on July 1 to sell stock to the public.
The prospectus does not say how many shares the company plans to sell, nor does it give the expected offering price.
The company said in its filing that it plans to use proceeds to “make contributions to the capital of our insurance subsidiary and for other general corporate purposes.”
