STOCK TITAN

Palomar Holdings, Inc. Announces Strategic Underwriting Hire to Expand Casualty Franchise

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Palomar Holdings, Inc. announces the addition of Brian Pushic as VP, Casualty Underwriting, Head of Environmental. This move allows Palomar to enter the Environmental sector and expand its Casualty franchise.
Positive
  • Palomar can extend its growing Casualty franchise and enter the Environmental sector.
  • Brian Pushic's expertise will contribute to Palomar's strategic plan.
Negative
  • None.

LA JOLLA, Calif., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (“Palomar” or “Company”) today announced the addition of Brian Pushic as Vice President, Casualty Underwriting, Head of Environmental effective immediately. Mr. Pushic will be responsible for launching the Company’s Environmental practice, allowing Palomar to further extend its growing Casualty franchise.

Mac Armstrong, Chairman and Chief Executive Officer of Palomar, commented, “I am thrilled to welcome Brian to the Palomar team. Brian brings tremendous industry experience in the Environmental sector and his expertise allows Palomar to enter another niche casualty market. Brian and the Environmental practice will prove a meaningful contributor to our Palomar 2X strategic plan. We are fortunate to have such an experienced and talented professional in Brian leading our foray into the Environmental sector.”  

Mr. Pushic added, “I am very enthusiastic about joining the Palomar team as we work to build the Environmental practice. Palomar’s existing infrastructure, advanced data and analytics and reinsurance expertise will enable our team to build this new business segment and go to market quickly.”   

Mr. Pushic brings to Palomar more than fifteen years of experience in the Environmental insurance industry. Mr. Pushic joins Palomar from CapSpecialty where he was Head of Environmental and managed an underwriting division focused on Environmental Casualty and Monoline Pollution business. Prior to CapSpecialty, he held positions at Aon and AIG. Mr. Pushic received his Bachelor of Science in Microbiology and Master of Public Health in Environmental Health Sciences from The Ohio State University.

About Palomar Holdings, Inc.
Palomar Holdings, Inc. is the holding company of subsidiaries Palomar Specialty Insurance Company (“PSIC”), Palomar Specialty Reinsurance Company Bermuda Ltd., Palomar Insurance Agency, Inc. and Palomar Excess and Surplus Insurance Company (“PESIC”). Palomar is an innovative insurer serving residential and commercial clients in specialty markets including the market for earthquake insurance. Palomar’s insurance subsidiaries, Palomar Specialty Insurance Company, Palomar Specialty Reinsurance Company Bermuda Ltd., and Palomar Excess and Surplus Insurance Company, have a financial strength rating of “A-” (Excellent) from A.M. Best.

To learn more, visit PLMR.com.

Contact
Media Inquiries
Lindsay Conner
1-551-206-6217
lconner@plmr.com

Investor Relations
Jamie Lillis
1-203-428-3223
investors@plmr.com

Source: Palomar Holdings, Inc.


Palomar Holdings, Inc.

NASDAQ:PLMR

PLMR Rankings

PLMR Latest News

PLMR Stock Data

2.01B
24.11M
3.33%
94.35%
1.88%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
Link
United States of America
LA JOLLA

About PLMR

palomar specialty insurance company is committed to providing a stable option for catastrophe insurance. experience, knowledge and financial strength allow palomar to focus on the specialized needs of catastrophe risk for commercial and personal property.