NU Online News Service, Mar. 10, 3:08 p.m. est
With $80 million of private equity capital, Kinsale Capital Group, Ltd. announced the formation of a new Richmond, Va.-based excess and surplus lines company yesterday.
Separately, Oldwick, N.J.-based rating agency A.M. Best announced that the new company–Kinsale Insurance Company–would have an "A-minus" rating, citing the amount of capital and track record of the management team as factors supporting that evaluation.
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