Bowhead Specialty Holdings Inc. reported that Zhak Cohen resigned from its Board of Directors effective August 17, 2026. Cohen served as a nominee for GPC Partners Investments (SPV III) LP, managed by Gallatin Point Capital LLC, pursuant to a Board Nominee Agreement dated May 23, 2024. His departure coincides with his exit from Gallatin earlier in the summer. The filing confirms that the resignation was not due to any disagreements regarding the company's operations or policies. Bowhead Specialty Holdings Inc. operates in the specialty insurance industry.

Bowhead Specialty Holdings Inc. entered into an Agreement and Plan of Merger with American Family Mutual Insurance Company, S.I., pursuant to which a wholly-owned subsidiary will merge with and into Bowhead, making it a direct wholly-owned subsidiary of American Family. Each outstanding share of common stock will be converted into the right to receive $34.00 per share in cash, valuing the transaction at approximately $1.2 billion. The Board unanimously recommended adoption by stockholders. Closing is subject to customary conditions, including stockholder approval and regulatory clearances from insurance regulators in Wisconsin and Texas, with an outside termination date of April 2, 2027. Bowhead operates as a specialty insurance provider offering casualty, professional liability, and healthcare liability products.