Palomar ups earthquake cover, claims 10% rate cut across programme

US specialty insurer Palomar Holdings extended its earthquake reinsurance limit by 15% at the 1.6 renewals, including via rising cat bond issuance, then claimed a 10% cut in risk adjusted rate for its complete 1.6 programme — enough to merit an upgrade to its financial guidance.

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Palomar ups earthquake cover, claims 10% rate cut across programme

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