Palomar Holdings has successfully strengthened its earthquake reinsurance capacity to $3.53 billion, enhancing support for its expanding Earthquake franchise with an additional $455 million effective June 1, 2025. The company also secured $100 million in U.S. hurricane coverage, reducing per occurrence event retention for hurricanes from $15.5 million to $11 million. $525 million of the earthquake coverage is tied to Palomar’s recently issued Torrey Pines Re catastrophe bond. Additionally, the company executed its first standalone excess of loss treaty, illustrating its commitment to addressing evolving risks in earthquake and hurricane insurance. For more detailed insights into the catastrophe bonds and related financial arrangements, interested parties can refer to the Deal Directory in the sister publication, Artemis.
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