Palomar completes $430M earthquake and $200M windstorm reinsurance renewal for June 1, 2022

Palomar Holdings, Inc.

Procured $430M incremental earthquake limit and $200M incremental windstorm limit.
Total reinsurance coverage now $2.08B for earthquake, $900M for hurricane events.
Maintained retention of $12.5M per catastrophe event; aggregate cover renewed April 1.
Issued $275M catastrophe bond (Torrey Pines Re 144A), total outstanding bond capacity $675M.
Added 9 new reinsurers, panel now 84, all rated A- or better or fully collateralized.

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