Palomar Holdings Welcomes New Executive to Enhance Casualty Division
Palomar Holdings, Inc. (NASDAQ: PLMR) has recently made an exciting announcement regarding the appointment of David Sapia as the Executive Vice President and Head of E&S Casualty. This strategic decision underscores Palomar's dedication to significantly expanding its casualty franchise.
David Sapia's Expertise and Vision
With more than thirty years of experience in casualty underwriting and field management, David Sapia brings a deep reservoir of knowledge, particularly in the excess and surplus (E&S) market. His extensive background in reinsurance further equips him to lead the company's new initiatives aimed at growing its casualty business.
Fostering Growth in the Casualty Sector
At Palomar, Sapia will spearhead the establishment of a dedicated E&S casualty division. His role is crucial, as he will not only support existing operations but also explore new opportunities for profitable growth within the casualty sector. This proactive approach reflects Palomar's commitment to addressing market demands effectively.
Support from Leadership and Strategic Growth
Mac Armstrong, the Chairman and Chief Executive Officer of Palomar, expressed his enthusiasm for Sapia's new position. Armstrong highlighted that Sapia's impressive track record in casualty underwriting and extensive industry experience will play a significant role in advancing Palomar’s casualty franchise. His strategic vision is expected to enhance current operations while driving new growth initiatives.
David Sapia's Background Prior to Joining Palomar
Before joining Palomar, Sapia served as the Director of Liability Underwriting at HDI Global USA, where he was responsible for developing and overseeing the strategy for the company’s US casualty business. His expertise was further honed during his decade-long tenure at Axis US Insurance, where he worked as a Vice President of Underwriting, focusing on the E&S market.
Additionally, he held the position of Managing Director at Guy Carpenter, leading a team that addressed reinsurance needs for clients across the US and Bermuda. A proud veteran, Sapia served as a Sergeant in the United States Marine Corps and holds both an MBA and a Bachelor of Science in Business Administration from the University of Denver.
Overview of Palomar Holdings, Inc.
Palomar Holdings, Inc. serves 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 is known for its innovative approach as a specialty insurer, catering to both residential and commercial clients. Palomar has expertise across various product categories, including Earthquake, Inland Marine, Casualty, Fronting, and Crop.
Commitment to Financial Strength
Importantly, Palomar's subsidiaries have received a financial strength rating of “A” (Excellent) from A.M. Best, which reflects its strong financial stability and commitment to delivering quality insurance solutions.
Contact and Follow-Up Information
For further information about Palomar Holdings, additional details can be found on their official website. They also maintain an active presence on LinkedIn, where you can stay updated on their latest news and developments.
Media Inquiries
Lindsay Conner
1-551-206-6217
For media inquiries, please reach out via email at: lconner@plmr.com
Investor Relations Contact
For inquiries related to investor relations, please contact Jamie Lillis at 1-203-428-3223 or via email at investors@plmr.com.
Frequently Asked Questions
What is David Sapia's role at Palomar Holdings?
David Sapia has been appointed as the Executive Vice President and Head of E&S Casualty, with a focus on expanding the casualty franchise.
What experience does David Sapia bring to the company?
Sapia has over 30 years of experience in casualty underwriting, including leadership roles at HDI Global USA and Axis US Insurance.
In which product categories does Palomar Holdings operate?
Palomar operates in several categories, including Earthquake, Inland Marine, Casualty, Fronting, and Crop.
What financial strength rating has Palomar achieved?
Palomar’s subsidiaries hold a financial strength rating of “A” (Excellent) from A.M. Best.
How can I reach 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.
