Palomar Holdings, Inc. Announces Strategic Hire to Further Expand its Casualty Franchise
Palomar Holdings, Inc. (NASDAQ: PLMR) has appointed David Sapia as Executive Vice President, Head of E&S Casualty, effective September 9, 2024. With over 30 years of experience in casualty underwriting and field management, Sapia will lead the development of an E&S casualty division and support existing casualty operations. His expertise is expected to drive the expansion of Palomar's casualty franchise and identify opportunities for profitable growth.
Prior to joining Palomar, Sapia held key positions at HDI Global USA, Axis US Insurance, and Guy Carpenter. He brings a strong background in liability underwriting, portfolio management, and reinsurance. Palomar's CEO, Mac Armstrong, expressed enthusiasm about Sapia's addition to the team, highlighting his strategic vision and industry knowledge as assets for the company's growth initiatives.
Palomar Holdings, Inc. (NASDAQ: PLMR) ha nominato David Sapia come Vicepresidente Esecutivo, Responsabile del settore E&S Casualty, con effetto dal 9 settembre 2024. Con oltre 30 anni di esperienza nella sottoscrizione di sinistri e nella gestione sul campo, Sapia guiderà lo sviluppo di una divisione E&S casualty e supporterà le operazioni di sinistri esistenti. La sua esperienza dovrebbe favorire l'espansione del marchio casualty di Palomar e identificare opportunità di crescita redditizia.
Prima di unirsi a Palomar, Sapia ha ricoperto ruoli chiave presso HDI Global USA, Axis US Insurance e Guy Carpenter. Porta con sé una solida esperienza nella sottoscrizione di responsabilità, nella gestione del portafoglio e nella riassicurazione. Il CEO di Palomar, Mac Armstrong, ha espresso entusiasmo riguardo all'aggiunta di Sapia al team, evidenziando la sua visione strategica e le conoscenze del settore come beni preziosi per le iniziative di crescita dell'azienda.
Palomar Holdings, Inc. (NASDAQ: PLMR) ha nombrado a David Sapia como Vicepresidente Ejecutivo, Jefe de E&S Casualty, con efecto a partir del 9 de septiembre de 2024. Con más de 30 años de experiencia en suscripción de siniestros y gestión de campo, Sapia liderará el desarrollo de una división de siniestros E&S y apoyará las operaciones de siniestros existentes. Se espera que su experiencia impulse la expansión de la franquicia de siniestros de Palomar e identifique oportunidades para un crecimiento rentable.
Antes de unirse a Palomar, Sapia ocupó posiciones clave en HDI Global USA, Axis US Insurance y Guy Carpenter. Aporta una sólida experiencia en suscripción de responsabilidad, gestión de carteras y reaseguro. El CEO de Palomar, Mac Armstrong, expresó entusiasmo por la incorporación de Sapia al equipo, destacando su visión estratégica y conocimiento del sector como activos para las iniciativas de crecimiento de la empresa.
팔로마홀딩스, Inc. (NASDAQ: PLMR)는 2024년 9월 9일부터 E&S Casualty의 전무이사로 데이비드 사피아를 임명했습니다. 30년 이상의 재해 보험 및 현장 관리 경험을 가진 사피아는 E&S 재해 부문의 개발을 이끌고 기존 재해 운영을 지원할 것입니다. 그의 전문성이 팔로마의 재해 브랜드 확장을 촉진하고 수익성 있는 성장 기회를 찾아낼 것으로 예상됩니다.
팔로마에 합류하기 전, 사피아는 HDI Global USA, Axis US Insurance 및 Guy Carpenter에서 주요 직책을 맡았습니다. 그는 책임 보험, 포트폴리오 관리 및 재보험에 대한 강력한 배경을 가지고 있습니다. 팔로마의 CEO인 맥 암스트롱은 사피아의 팀 합류에 대해 열정을 표명하며, 그의 전략적 비전과 산업 지식을 회사의 성장 이니셔티브에 대한 자산으로 강조했습니다.
Palomar Holdings, Inc. (NASDAQ: PLMR) a nommé David Sapia au poste de Vice-Président Exécutif, Responsable de l'E&S Casualty, à compter du 9 septembre 2024. Fort de plus de 30 ans d'expérience dans la souscription de sinistres et la gestion sur le terrain, Sapia dirigera le développement d'une division E&S casualty et soutiendra les opérations de sinistres existantes. Son expertise est attendue pour favoriser l'expansion de la franchise de sinistres de Palomar et identifier des opportunités de croissance rentable.
Avant de rejoindre Palomar, Sapia a occupé des postes clés chez HDI Global USA, Axis US Insurance et Guy Carpenter. Il apporte une solide expérience en souscription de responsabilité, gestion de portefeuille et réassurance. Le PDG de Palomar, Mac Armstrong, a exprimé son enthousiasme concernant l'ajout de Sapia à l'équipe, soulignant sa vision stratégique et sa connaissance du secteur comme des atouts pour les initiatives de croissance de l'entreprise.
Palomar Holdings, Inc. (NASDAQ: PLMR) hat David Sapia zum Executive Vice President und Leiter der E&S Casualty ernannt, mit Wirkung zum 9. September 2024. Mit über 30 Jahren Erfahrung in der Schadensversicherung und im Field Management wird Sapia die Entwicklung einer E&S Casualty-Abteilung leiten und die bestehenden Schadensoperationen unterstützen. Seine Expertise wird voraussichtlich das Wachstum von Palomars Schadensmarke fördern und Möglichkeiten für profitables Wachstum identifizieren.
Vor seinem Eintritt bei Palomar hatte Sapia Schlüsselpositionen bei HDI Global USA, Axis US Insurance und Guy Carpenter inne. Er bringt einen starken Hintergrund in der Haftpflichtversicherung, im Portfoliomanagement und in der Rückversicherung mit. Der CEO von Palomar, Mac Armstrong, äußerte sich begeistert über Sapias Hinzunahme zum Team und hob seine strategische Vision und Branchenkenntnis als wertvolle Vermögenswerte für die Wachstumsinitiativen des Unternehmens hervor.
- Appointment of David Sapia as EVP, Head of E&S Casualty, bringing 30+ years of industry experience
- Expansion into E&S casualty division, potentially opening new revenue streams
- Strategic hire aimed at bolstering existing casualty operations and identifying growth opportunities
- None.
LA JOLLA, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today announced that David Sapia has been appointed Executive Vice President, Head of E&S Casualty, effective September 9, 2024.
David Sapia offers over 30 years of extensive expertise in casualty underwriting and field management, with a specialized focus on the E&S market. His experience in reinsurance and strategic casualty leadership equips him with a unique skill set to drive the expansion of the Company’s casualty franchise. Mr. Sapia will spearhead the development of an E&S casualty division, support the existing casualty operations, and identify additional opportunities for profitable growth in the casualty sector.
“We are thrilled to welcome David to Palomar as the new head of our E&S casualty business,” said Mac Armstrong, Palomar’s Chairman and Chief Executive Officer. “David’s impressive track record in casualty underwriting and his deep industry knowledge will be instrumental in advancing our casualty franchise. His strategic vision will not only bolster our current operations but also fuel our growth initiatives.”
Prior to joining Palomar, Mr. Sapia was the Director of Liability Underwriting for HDI Global USA where he was responsible for the strategy, execution, and portfolio steering for the company’s US casualty business. Prior to HDI Global USA, Mr. Sapia served as Vice President of Underwriting at Axis US Insurance for ten years where he was an excess casualty underwriter in Axis’ West Region focusing on the E&S market. Prior to Axis, Mr. Sapia served as Managing Director at Guy Carpenter, where he managed a team that served the reinsurance needs of ceding clients located throughout the United States and Bermuda. Mr. Sapia was a Sergeant in the United States Marine Corps and received his MBA and BS in Business Administration from the University of Denver.
About Palomar Holdings, Inc.
Palomar Holdings, Inc. is the holding company of subsidiaries Palomar Specialty Insurance Company (“PSIC”), Palomar Specialty Reinsurance Company Bermuda Ltd., Palomar Insurance Agency, Inc., Palomar Excess and Surplus Insurance Company (“PESIC”), and Palomar Underwriters Exchange Organization, Inc. Palomar's consolidated results also include Laulima Exchange, a variable interest entity for which the Company is the primary beneficiary. Palomar is an innovative specialty insurer serving residential and commercial clients in five product categories: Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop. Palomar’s insurance subsidiaries, Palomar Specialty Insurance Company, Palomar Specialty Reinsurance Company Bermuda Ltd., and Palomar Excess and Surplus Insurance Company, have a financial strength rating of “A” (Excellent) from A.M. Best.
To learn more, visit PLMR.com
Follow Palomar on LinkedIn: @PLMRInsurance
Contact
Media Inquiries
Lindsay Conner
1-551-206-6217
lconner@plmr.com
Investor Relations
Jamie Lillis
1-203-428-3223
investors@plmr.com
Source: Palomar Holdings, Inc.
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