6 October 2020Insurance

Palomar expects $38m cat hit in Q3 2020

US specialty insurer Palomar Holdings has estimated between $34 million to $38 million in pre-tax catastrophe losses for the third quarter of 2020.

These estimates are net of reinsurance and represent anticipated losses from Hurricanes Hanna, Isaias, Laura and Sally.

Palomar said the loss estimates are subject to change due to the complexity of the claims and preliminary nature of the information available to prepare the estimates.

Updated loss estimates related to recent catastrophes will be reflected in Palomar’s third quarter 2020 results.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

article
2 September 2020   The executive has built Palomar's technology team, platform, and infrastructure since joining in 2017.
article
1 April 2021   The deal was warmly received by investors, having been upsized from $300m.
Insurance
13 May 2021   Reinsurance coverage now exhausts at $1.65 billion for earthquake events and $700 million for hurricane events.