Education directory entry for the US underwriter roster: Palomar Holdings completed its acquisition of Gray Surety effective January 31, 2026. Company self-claims labeled. Not a solicitation and not placement advice.
Education only / verify at source / not placement advice. This entry covers the public facts behind the 2026 ownership change. AM Best ratings and capacity figures are not listed on this page; verify on the carrier’s public materials.
Related hub: US — 2026 carrier book moves
| Field | Value | Source / note |
|---|---|---|
| Carrier (trade) | The Gray Casualty & Surety Company (Gray Surety) | BCP / Palomar releases |
| Parent / group | Palomar Holdings, Inc. (closed effective Jan 31, 2026) | Palomar completion release (Feb 2, 2026); BCP sale confirmation |
| Surety markets | US — licensed all 50 states (public materials) | BCP sale page |
| Book focus (public) | Treasury-listed contract surety for emerging / mid-sized contractors; 13 regional offices (BCP) | BCP |
| Self-claim | “Top 50 surety carrier” | BCP/Gray claim — not a GG ranking |
| Also owned by Palomar (public) | First Indemnity of America (alongside Gray) | Completion materials — education context only |
| AM Best / capacity $ | Not listed on this page | Verify current ratings on the carrier’s public materials |
Palomar Holdings completed its acquisition of Gray Surety effective January 31, 2026. Seller Bernhard Capital Partners (BCP) confirmed the sale. Gray continues as an Active US surety writer under Palomar ownership.
| URL | Role | Retrieved |
|---|---|---|
| Palomar completion (Barchart wire) | Buyer completion | 2026-10-05 |
| BCP completes sale of Gray | Seller confirmation | 2026-10-05 |
The acquisition releases cited above do not state the following. Confirm them on the carrier’s public materials or the issued bond:
Education directory entry. Verify URLs and company claims at the source before relying on them. Related: 2026 carrier book moves.