Palomar Holdings Expands Casualty Sector with New Leadership
Palomar Holdings Welcomes New Executive to Strengthen Casualty Division
Palomar Holdings, Inc. (NASDAQ: PLMR) recently announced the exciting appointment of David Sapia as the Executive Vice President and Head of E&S Casualty. This strategic move signals Palomar's commitment to expand its casualty franchise significantly.
Expertise and Vision of David Sapia
With over three decades of experience in casualty underwriting and field management, David Sapia brings a wealth of knowledge focused primarily on the excess and surplus (E&S) market. His extensive background in reinsurance adds to his ability to lead the company's new initiatives aimed at growing its casualty business.
Driving Growth in the Casualty Sector
At Palomar, Sapia will take the helm of the development of a dedicated E&S casualty division. His role is pivotal as he not only supports the existing operations but also seeks out new avenues for profitable growth within the casualty sector. This decisive role illustrates Palomar's proactive approach to meeting market demands.
Leadership Support and Strategic Growth
Mac Armstrong, the Chairman and Chief Executive Officer of Palomar, expressed enthusiasm regarding Sapia's new role. Armstrong noted that Sapia's impressive track record in casualty underwriting and extensive industry experience will significantly contribute to advancing Palomar’s casualty franchise. His strategic vision is expected to amplify existing operations while also spearheading growth initiatives.
David Sapia's Background Before Joining Palomar
Before his transition to Palomar, Sapia held the position of Director of Liability Underwriting at HDI Global USA. During his tenure there, he was responsible for crafting the strategy, execution, and oversight of the company’s US casualty business. Sapia’s expertise was built further during his decade-long tenure at Axis US Insurance as a Vice President of Underwriting where he focused on the E&S market.
His previous experience includes serving as Managing Director at Guy Carpenter, where he led a team catering to reinsurance requirements for clients across the US and Bermuda. A proud veteran, Sapia served as a Sergeant in the United States Marine Corps and earned his MBA along with a Bachelor of Science in Business Administration from the University of Denver.
Understanding Palomar Holdings, Inc.
Palomar Holdings, Inc. operates as a holding company for several subsidiaries including Palomar Specialty Insurance Company, Palomar Specialty Reinsurance Company Bermuda Ltd., and Palomar Excess and Surplus Insurance Company. The company prides itself on its innovative approach as a specialty insurer catering to both residential and commercial clients. Palomar boasts expertise across multiple product categories including Earthquake, Inland Marine, Casualty, Fronting, and Crop.
Commitment to Providing Superior Financial Strength
Significantly, Palomar's subsidiaries have garnered a financial strength rating of “A” (Excellent) from A.M. Best, a testament to its robust financial stability and commitment to providing quality insurance solutions.
Contact and Follow-Up Information
For more information about Palomar Holdings, you can find additional details through their official website. They also maintain an active presence on LinkedIn, which can be accessed to stay updated on their latest news and developments.
Media Inquiries
Lindsay Conner
1-551-206-6217
Media inquiries can be directed to: lconner@plmr.com
Investor Relations Contact
For investor relations, please contact Jamie Lillis at 1-203-428-3223 or via email at investors@plmr.com.
Frequently Asked Questions
What is the role of David Sapia at Palomar Holdings?
David Sapia has been appointed as the Executive Vice President and Head of E&S Casualty, focusing on expanding the casualty franchise.
What experience does David Sapia bring?
Sapia has over 30 years in casualty underwriting, including leadership roles at HDI Global USA and Axis US Insurance.
What product categories does Palomar Holdings operate in?
Palomar operates in several categories including Earthquake, Inland Marine, Casualty, Fronting, and Crop.
What financial strength rating does Palomar hold?
Palomar’s subsidiaries hold a financial strength rating of “A” (Excellent) from A.M. Best.
How can I contact Palomar Holdings for media inquiries?
Media inquiries can be directed to Lindsay Conner at 1-551-206-6217 or via email at lconner@plmr.com.
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