secwatch.observer — SEC 8-K summary
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Issuer:     Palomar Holdings, Inc. (PLMR)
CIK:        0001761312
Form:       8-K
Filed at:   2025-10-30T23:59:59+00:00
Accession:  0001193125-25-258571
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Palomar acquires Gray Surety for $300M; deal expected to close H1 2026
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- Purchase price $300M cash for all equity of The Gray Casualty & Surety Company.
- Gray Surety is a Treasury-listed surety carrier specializing in contract bonds for midsized contractors; licensed in 50 states.
- Expected close in H1 2026, subject to HSR clearance and other regulatory approvals.
- Transaction approved by boards; Palomar CEO highlights enhanced surety franchise and Palomar 2x strategy.
- Cullen Piske (Gray Surety President) to join Palomar; financial advisors Evercore and J.P. Morgan involved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761312/000119312525258571/0001193125-25-258571-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761312/000119312525258571/plmr-20251027.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-258571

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer