Founded in 2014, by a team with deep experience across underwriting, analytics, reinsurance and capital markets, Palomar is a specialty insurer focused on addressing underserved, mispriced markets with a track record of delivering strong growth and continued profitability. Our products serve residential and commercial clients not limited to, but include earthquake, wind and flood insurance.
In June of 2020, the Company expanded upon its growth strategy and launched Palomar Excess and Surplus Insurance Company (“PESIC”), an excess and surplus lines (“E&S”) carrier. The new company is a natural extension of our business, enabling Palomar to address a large and attractive market opportunity. With the addition of PESIC, Palomar is uniquely positioned to address over $55 billion of the $700+ billion U.S. property and casualty insurance market.
Through the use of proprietary data analytics and a modern technology platform, we offer our customers flexible products with customized and granular pricing on both the admitted and E&S markets. Our primary lines of business include: Residential Earthquake, Commercial Earthquake, Specialty Homeowners, Commercial All Risk, Hawaii Hurricane, Residential Flood, Inland Marine and Real Estate Investor. Our products are distributed through multiple channels, including retail agents, program administrators, wholesale brokers, and in partnership with other insurance companies.