Palomar puts Q3 cat losses at $15.5mn following Ida and Nicholas
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Palomar puts Q3 cat losses at $15.5mn following Ida and Nicholas

Samuel Casey
20 October 2021
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Palomar Holdings has pegged its pre-tax catastrophe losses at between $14.5mn and $15.5mn net of reinsurance for the third quarter.

The estimate represents anticipated losses from hurricanes Ida and Nicholas. Palomar expects that around 75% of its losses from the two events stem from admitted all risk and Louisiana specialty homeowners’ products, both lines of business that the company...

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Samuel Casey
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