Specialty property insurer Palomar Holdings, Inc. has completed the acquisition of The Gray Casualty & Surety Company (Gray Surety), a national surety carrier, and has also successfully closed new unsecured financing.The acquisition was initially announced in October 2025, with Palomar agreeing to acquire Gray Surety from Bernhard Capital Partners (BCP) and The Gray Insurance Company for a total cash consideration of $300 million.The financing includes a$150 million revolving credit facility and a $300 mil ...