Genstar Capital exited a remaining stake in Palomar for $69m.

Genstar Capital, a private equity firm focused on investments in targeted segments of the financial services, healthcare, industrial, and software industries, exited a remaining stake in Palomar, a specialty property insurer, for $69. “We have a strong focus on the insurance industry and our investment in Palomar demonstrates the power of pairing an extraordinary founder and leader with a compelling business strategy. Mac’s vision and leadership of Palomar has brought the company from its founding less than seven years ago to over $2 billion in market capitalization in June 2020. We thank Mac for his partnership and look forward to following all of Palomar’s future success," Ryan Clark, Genstar President and Managing Director.