Vesttoo controversy immaterial for Palomar, probably a net positive: CEO
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Vesttoo controversy immaterial for Palomar, probably a net positive: CEO

Palomar logo La Jolla California jt.jpg

Palomar’s exposure to Vesttoo is “immaterial”, according to CEO David Armstrong, and the issue could be a “net positive” for its business.

Only one counterparty has exposure and the company is looking into whether that exposure “goes beyond trust”, but even so, the impact would be immaterial, he told analysts during the company’s Q2 2023 earnings call.

The

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Gift this article