Palomar Holdings, Inc. Common stock
PLMRPalomar Holdings, Inc. is a specialty insurance company that provides property and casualty insurance coverage, primarily focusing on complex or niche markets. The company offers products such as earthquake, landlord, and personal lines insurance through its underwriting operations. Founded with a commitment to innovative risk management, Palomar aims to serve high-quality, underserved, or emerging market segments within the insurance industry.
Company News
Palomar Holdings, Inc. has agreed to acquire The Gray Casualty & Surety Company for $300 million in cash, expected to close in the first half of 2026. The acquisition aims to enhance Palomar's surety franchise and expand its market presence.
Moody Aldrich Partners LLC completely sold its entire 53,211 share position in Palomar Holdings for an estimated $8.21 million during Q3 2025, reducing its stake to zero, likely as part of routine portfolio rebalancing.
Farmers & Merchants Bank of Long Beach has appointed Richard H. Taketa to its board of directors, bringing expertise in finance, operations, and risk management. The bank has also announced a regular quarterly cash dividend and continues to operate its 27 branches across California.
American International Group, Inc. (AIG) is well-positioned for growth due to strong performance in its Global Commercial business, rising net investment income, and new business growth. The company is also benefiting from divestitures and streamlining its business, which is enhancing its capital allocation.
LA JOLLA, Calif., June 20, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (“Palomar” or the “Company”) today announced that Tim Carter has been appointed Chief People Officer, effective June 24, 2024, and Rodolphe “Rudy” Herve has been appointed Chief Operating Officer, effective July 1, 2024.
