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Palomar Closes Gray Surety and $450M Credit

Closed
Financial ServicesMerger

Deal Overview

Palomar has completed its acquisition of Gray Surety and simultaneously closed a $450 million credit facility. The combination of an insurance-brokerage deal close with a new credit line indicates a financing plan designed to support ongoing platform activity.

Gray Surety will be integrated into Palomar’s insurance brokerage strategy under the completed merger structure.

Key Details

Transaction
Palomar acquires Gray Surety
Deal Size
Over $100M
Reported Value
$450 million

Filed under

Source

Read full article on news.google.com

via GN - credit facility acquisition · February 3, 2026

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