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Palomar Hodlings Inc sold by Genstar VI GP AIV Ltd- $200.15m-Jan 14
Palomar Holdings, Inc. is an insurance holding company. It is mainly focused on the residential and commercial earthquake markets in earthquake-exposed states such as California, Oregon, Washington, and states with exposure to the New Madrid Seismic Zone. The firm offers property and casualty insurance. The company was founded on October 4, 2013 and is headquartered in La Jolla, CA.
Genstar Capital, led by president and managing director Ryan Clark, is a San Francisco-based PE firm that has been investing in middle-market companies since 1988. Genstar partners with its management teams and a network of strategic advisors, including current and former C-level executives from the industries in which it invests. Genstar recently raised its largest fund ever at $7 billion. Earlier in 2019, Genstar-backed Drillinginfo has bought Cortex, a software provider for the energy sector. Genstar recently acquired Ohio Transmission Corporation (OTC), an industrial automation equipment distributor and technical service provider. The firm employs more than 40 professionals and manages funds with total capital commitments of about $17 billion. Genstar invests in targeted segments of only four sectors: financial services, software, industrial technology and healthcare, and focuses on global companies headquartered in North America. It is currently managing its eighth fund and is seeking investment opportunities in founder-owned companies, public company orphans, corporate carve-outs and traditional buyouts.
https://www.themiddlemarket.com/list/top-private-equity-firms-genstar-capital-audax-harbourvest-and-more
moar here
https://en.wikipedia.org/wiki/Genstar_Capital
https://www.finviz.com/insidertrading.ashx?oc=1772564&tc=7&b=2
https://www.marketscreener.com/PALOMAR-HOLDINGS-INC-57086049/company/
US to maintain tariffs on Chinese goods until Phase 2 deal
WASHINGTON (Reuters) – The United States will maintain tariffs on Chinese goods until the completion of a second phase of a U.S.-China trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Tuesday, a day before the two sides are to sign an interim deal.
Mnuchin told reporters that President Donald Trump could consider easing tariffs if the world's two largest economies move quickly to seal a follow-up agreement.
"If the president gets a Phase 2 in place quickly, he'll consider releasing tariffs as part of Phase 2," Mnuchin said.
Trump is slated to sign the Phase 1 trade agreement with Chinese Vice Premier Liu He at the White House on Wednesday at 11:30 a.m. (1630 GMT). The signing occurs a week before the U.S. Senate is due to begin its impeachment trial of the U.S. president.
Trump became only the third U.S. president to be impeached when the House last month approved charges that he abused his power by pressuring Ukraine to announce an investigation into Democratic presidential rival Joe Biden and obstructed Congress.
New data showed that the costs of Trump's trade wars were proving more widespread, deeper and longer-lasting to American manufacturing competitiveness and jobs than previously believed. Mnuchin and U.S. Trade Representative Robert Lighthizer said earlier there was no agreement in place with China on further tariff reductions.
In a joint statement, they said all aspects of the Phase 1 trade deal with China would be made public on Wednesday, except a confidential annex that will detail U.S. products and services to be purchased by China. "There are no other oral or written agreements between the United States and China on these matters, and there is no agreement for future reduction in tariffs. Any rumors to the contrary are categorically false," they said. After the Phase 1 deal was reached last month, Washington agreed to suspend tariffs on $160 billion in Chinese-made cellphones, laptop computers and other goods that were due to take effect on Dec. 15, and to halve existing tariffs on $120 billion of other goods to 7.5%. It kept in place 25% tariffs on $250 billion of other Chinese goods. U.S. companies have paid $46 billion in tariffs since Trump began restructuring relationships with nearly all of Washington's major trading partners, U.S. data showed.
Trump insists the tariffs are paid by the countries against which they are levied, but U.S. economists and businesses say they bear the brunt of the costs.
https://asia.nikkei.com/Economy/Trade-war/US-to-maintain-tariffs-on-Chinese-goods-until-Phase-2-deal
Many T-38C Talon's up West of Tulsa, NW of OKC