Trean Insurance Group follow-on secondary offering
Davis Polk advised the joint book-running managers and representatives of the underwriters in connection with the SEC-registered follow-on secondary offering of 5,000,000 shares of common stock of Trean Insurance Group, Inc. (“Trean”) by certain of Trean’s stockholders. The common stock is listed on the Nasdaq Global Select Market under the symbol “TIG.”
Trean provides products and services to the specialty insurance market. Trean underwrites specialty casualty insurance products both through its program partners and its own managing general agencies. Trean also provides its program partners with a variety of services including issuing carrier services, claims administration and reinsurance brokerage. Trean is licensed to write business across 49 states and the District of Columbia.
The Davis Polk capital markets team included partner Richard D. Truesdell Jr. and associate Yoojin Nairn-Kim. Counsel Marcie A. Goldstein provided FINRA advice. The tax team included partner Mario J. Verdolini. Counsels Matthew J. Bacal and Matthew A. Kelly provided intellectual property advice. All members of the Davis Polk deal team are based in the New York office.