Palomar extends earthquake reinsurance coverage to $3.53bn at June 1

Palomar extends earthquake reinsurance coverage to $3.53bn at June 1

Palomar Holdings has completed key reinsurance placements effective June 1, 2025, adding approximately $455 million in incremental limit to support its expanding Earthquake franchise, bringing total earthquake coverage to $3.53 billion and U.S. hurricane coverage to $100 million. The firm explained that per occurrence event retention is $11 million for hurricane events, reduced from $15.5 million the previous treaty year, and $20 million for ear…

Palomar extends reinsurance tower to $3.53bn at renewal, cat bond market supports 33% - Artemis.bm

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Palomar Insurance Holdings, the speciality US insurer that offers largely catastrophe exposed property products, has lifted the top of its reinsurance tower to provide as much as $3.53 billion of earthquake reinsurance protection at the renewals, with multi-year catastrophe bonds set to provide 33% of that total for 2025. As in prior…