Palomar Holdings, Inc. Appoints Scott Beiser to its Board of Directors

Rhea-AI Summary

Palomar (NASDAQ:PLMR) appointed Scott Beiser to its Board of Directors, effective May 21, 2026. Beiser is Co-Chairman and former CEO of Houlihan Lokey (NYSE:HLI), where he led the firm’s 2015 IPO and long-term expansion.

He brings decades of executive, public company board, and corporate finance experience, including expertise in strategic planning, governance, and capital allocation. Leadership expects his background to support Palomar’s growth plans and the execution of its Palomar 2X strategy.

Positive

• Appointment of experienced director Scott Beiser effective May 21, 2026
• Former Houlihan Lokey CEO who led its 2015 initial public offering
• Decades of strategic planning, governance, and capital allocation experience
• Extensive public and private company board background to support Palomar 2X

Negative

• None.

News Market Reaction – PLMR

-4.42%

-4.42% Session close to close

In the May 27 session, PLMR declined 4.42%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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LA JOLLA, Calif., May 26, 2026 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the "Company") today announced that Scott Beiser has been appointed to the Company's Board of Directors, effective May 21, 2026.

Mr. Beiser currently serves as Co-Chairman of Houlihan Lokey (NYSE:HLI), a publicly traded global investment bank, after serving as Chief Executive Officer from 2003 to 2024. He joined Houlihan Lokey in 1984 and held several senior leadership positions throughout his tenure, including Chief Operating Officer and Chief Executive Officer. As Chief Executive Officer, Mr. Beiser led the firm's initial public offering in 2015 and oversaw its transformation into a leading independent investment banking firm.

Mr. Beiser brings decades of executive leadership and public company experience, with deep expertise in strategic planning, corporate governance, capital allocation, and driving long-term shareholder value creation. He has served on Houlihan Lokey’s Board of Directors since 1991 and also brings extensive public and private company board experience. Scott holds both a Bachelor of Science and a Master of Science in Finance from the College of Business and Economics at California State University, Northridge.

"We are pleased to welcome Scott to Palomar’s Board of Directors," commented Mac Armstrong, Chairman and Chief Executive Officer of Palomar. "Scott brings a wealth of leadership experience to our Board, along with a strong track record of delivering sustained growth and creating shareholder value at Houlihan Lokey. His accomplishments are both exemplary and aspirational, and I am confident he will play an important role in the continued execution of Palomar 2X."

Mr. Beiser added, "I am excited to join Palomar's Board and support the Company's continued growth and strategic objectives. I look forward to working with the management team and Board to help drive profitable growth and create long-term value for shareholders."

About Palomar Holdings, Inc.

Palomar Holdings, Inc. is the holding company of subsidiaries Palomar Specialty Insurance Company (“PSIC”), Palomar Specialty Reinsurance Company Bermuda Ltd. (“PSRE”), Palomar Insurance Agency, Inc., Palomar Excess and Surplus Insurance Company (“PESIC”), Palomar Underwriters Exchange Organization, Inc. (“PUEO”), First Indemnity of America Insurance Co. (“FIA”), Palomar Crop Insurance Services, Inc. (“PCIS”), and Palomar Casualty and Surety Company (“PCSC”). Palomar’s consolidated results also include Laulima Exchange (“Laulima”), a variable interest entity for which the Company is the primary beneficiary. Palomar is an innovative specialty insurer serving residential and commercial clients in five product categories: Earthquake, Inland Marine and Property, Casualty, Surety & Credit, and Crop. Palomar’s insurance subsidiaries, PSIC, PSRE, PESIC, and FIA have a financial strength rating of “A” (Excellent) from A.M. Best and PCSC has a financial strength rating of “A-” (Excellent) from A.M. Best.

To learn more, visit PLMR.com

Follow Palomar on LinkedIn: @PLMRInsurance

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.

FAQ

What board change did Palomar (NASDAQ:PLMR) announce on May 26, 2026?

Palomar announced the appointment of Scott Beiser to its Board of Directors, effective May 21, 2026. According to Palomar, Beiser brings extensive executive, investment banking, and public company board experience to support the company’s strategic and governance objectives.

Who is Scott Beiser, the new board member at Palomar (PLMR)?

Scott Beiser is Co-Chairman and former CEO of Houlihan Lokey (NYSE:HLI). According to Palomar, he joined Houlihan Lokey in 1984, held senior leadership roles, and helped build it into a leading independent investment banking firm.

How could Scott Beiser’s background benefit Palomar (PLMR) shareholders?

Scott Beiser’s experience in strategic planning, capital allocation, and governance may aid Palomar’s long-term value creation. According to Palomar, his track record of delivering growth at Houlihan Lokey aligns with the company’s focus on profitable expansion and Palomar 2X.

When does Scott Beiser’s appointment to the Palomar (PLMR) board become effective?

Scott Beiser’s appointment to Palomar’s Board of Directors is effective May 21, 2026. According to Palomar, this timing supports ongoing execution of its strategic priorities and provides added leadership depth at the board level for upcoming initiatives.

What is Palomar 2X and how might Scott Beiser contribute?

Palomar 2X is described as the company’s ongoing execution strategy for growth and value. According to Palomar, leadership expects Scott Beiser’s investment banking and governance experience to play an important role in advancing this strategy and supporting profitable expansion.

What industries and products does Palomar (PLMR) focus on as a specialty insurer?

Palomar is an innovative specialty insurer serving residential and commercial clients. According to Palomar, the company focuses on five product categories: Earthquake, Inland Marine and Property, Casualty, Surety & Credit, and Crop across multiple insurance subsidiaries.

How strong are Palomar’s insurance company financial strength ratings?

Palomar reports strong financial strength ratings from A.M. Best for its insurance subsidiaries. According to Palomar, PSIC, PSRE, PESIC, and FIA are rated “A” (Excellent), while PCSC holds an “A-” (Excellent) rating, supporting confidence in its underwriting entities.