SAN FRANCISCO, March 27, 2020-- Genstar Capital, a leading private equity firm focused on investments in targeted segments of the financial services, healthcare, industrial, and software industries, today announced that it has partnered with insurance industry executives to establish Obsidian Insurance Holdings, Inc., a new fronting insurance holding company, with $100 million of capital. Obsidian's insurance carrier subsidiary, Obsidian Insurance Company, has received a financial strength rating of A- from A.M. Best to issue policies underwritten by Managing General Agents, Managing General Underwriters, and program managers.