Openly Holdings Corp. a premium homeowners insurance company, has secured financing of up to US$40 million from investors led by Trinity Capital, Inc. The transaction highlights the continued growth of specialty insurance companies and the continued investor / lender interest in the sector.
Latham & Watkins LLP represents Trinity Capital in the transaction with a finance team led by Bay Area partners Haim Zaltzman and Dan Van Fleet, with associate Kevin Castillo. Advice has also been provided on corporate matters by Bay Area partner Jim Morrone; on insurance corporate and regulatory matters by New York partners Gary Boss and Analisa Dillingham, with associate Benjamin Lee; and on tax matters by Los Angeles partner Eric Cho.
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