Palomar renews $25mn of aggregate excess of loss reinsurance
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Palomar renews $25mn of aggregate excess of loss reinsurance

Martha Muir
17 March 2022
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Californian carrier Palomar has renewed $25mn of aggregate excess of loss reinsurance limit, which its CEO said will protect the business from multiple cat event-driven losses, but also establishes a floor on its adjusted return on equity.

Starting from 1 April, the cover has an attachment point of $30mn and maintains coverage for perils within its per occurrence retention such as earthquakes, hurricanes, convective storms, and floods above a qualifying level of $2mn in ultimate gross...

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NewsRe/insurers
MM
Martha Muir
Reporter
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