Palomar Holdings, Inc. Appoints Benson Latham EVP, Head of Crop
Palomar Holdings (NASDAQ: PLMR) has appointed Benson Latham as Executive Vice President, Head of Crop. Latham brings 30 years of crop insurance industry experience, having previously worked at Great American Insurance Company. His career highlights include building ProAg into a $500M revenue operation, founding and selling Longhorn Re, and growing Validus's Crop division to over $1B in revenue. Palomar has already written more than $100M of Crop premium in its first full year and aims to become a leader in the $19B Crop insurance market.
Palomar Holdings (NASDAQ: PLMR) ha nominato Benson Latham come Vice Presidente Esecutivo, Responsabile del Settore Agricolo. Latham porta con sé 30 anni di esperienza nel settore delle assicurazioni agricole, avendo lavorato in precedenza presso Great American Insurance Company. Tra i suoi principali successi figura la costruzione di ProAg, che è diventata un’operazione da 500 milioni di dollari di fatturato, la fondazione e la vendita di Longhorn Re, e la crescita della divisione Crop di Validus, che ha superato il miliardo di dollari di fatturato. Palomar ha già scritto oltre 100 milioni di dollari in premi assicurativi nel suo primo anno completo e punta a diventare un leader nel mercato delle assicurazioni agricole da 19 miliardi di dollari.
Palomar Holdings (NASDAQ: PLMR) ha nombrado a Benson Latham como Vicepresidente Ejecutivo y Jefe de Cultivos. Latham aporta 30 años de experiencia en la industria de seguros agrícolas, después de haber trabajado en Great American Insurance Company. Entre los logros destacados de su carrera se encuentran la construcción de ProAg en una operación de 500 millones de dólares en ingresos, la fundación y venta de Longhorn Re, y el crecimiento de la división de Cultivos de Validus, que superó los 1,000 millones de dólares en ingresos. Palomar ya ha escrito más de 100 millones de dólares en primas de Cultivos en su primer año completo y aspira a convertirse en un líder en el mercado de seguros agrícolas de 19,000 millones de dólares.
팔로마 홀딩스 (NASDAQ: PLMR)는 벤슨 레이탐을 수석 부사장 겸 농작물 담당으로 임명했습니다. 레이탐은 30년의 농작물 보험 업계 경험을 갖고 있으며, 이전에는 그레이트 아메리칸 보험 회사에서 근무했습니다. 그의 경력 하이라이트로는 프로악을 5억 달러 매출의 운영으로 성장시키고, 롱혼 리를 창립 및 매각하며, 발리더스의 농작물 부서를 10억 달러 이상의 매출로 성장시킨 것이 있습니다. 팔로마는 이미 첫 해에 1억 달러 이상의 농작물 프리미엄을 썼으며, 190억 달러 규모의 농작물 보험 시장에서 리더가 되는 것을 목표로 하고 있습니다.
Palomar Holdings (NASDAQ: PLMR) a nommé Benson Latham au poste de Vice-Président Exécutif, Responsable des Cultures. Latham apporte 30 ans d'expérience dans le secteur de l'assurance des cultures, ayant auparavant travaillé pour Great American Insurance Company. Parmi les moments forts de sa carrière figurent la création de ProAg en une opération générant 500 millions de dollars de revenus, la fondation et la vente de Longhorn Re, ainsi que la croissance de la division Crop de Validus, qui a dépassé 1 milliard de dollars de revenus. Palomar a déjà écrit plus de 100 millions de dollars de primes agricoles lors de sa première année complète et vise à devenir un leader sur le marché de l'assurance des cultures, évalué à 19 milliards de dollars.
Palomar Holdings (NASDAQ: PLMR) hat Benson Latham zum Executive Vice President und Leiter des Bereichs Agrarprodukte ernannt. Latham bringt 30 Jahre Erfahrung in der Landwirtschaftsversicherungsbranche mit, nachdem er zuvor bei der Great American Insurance Company tätig war. Zu seinen Karrierehöhepunkten gehört der Aufbau von ProAg zu einer Umsatzoperation mit 500 Millionen Dollar, die Gründung und der Verkauf von Longhorn Re sowie die Expansion der Crop-Division von Validus auf über 1 Milliarde Dollar Umsatz. Palomar hat im ersten vollen Jahr bereits mehr als 100 Millionen Dollar an Agrarprämien geschrieben und strebt an, ein Marktführer im 19-Milliarden-Dollar-Bereich der Landwirtschaftsversicherung zu werden.
- Company has achieved $100M+ in Crop premium in first year of operations
- Appointment of executive with proven track record of scaling crop insurance businesses
- Strategic positioning in $19B Crop insurance market
- Executive's history of successful business development and profitable exits
- None.
LA JOLLA, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today announced that Benson Latham has been appointed Executive Vice President, Head of Crop, where he will be responsible for leading Palomar’s rapidly growing Crop franchise.
Benson Latham is a 30-year veteran of the Crop insurance industry and joins Palomar from Great American Insurance Company. Mr. Latham began his career at ProAg, where he helped build a large-scale Crop franchise with over 400 employees and
“Benson has a strong track record of success building Crop businesses from the ground up over his impressive 30-year career and I am very excited that he has joined Palomar to head our Crop franchise,” commented Mac Armstrong, Palomar’s Chairman and Chief Executive Officer. “We are off to a fast start having written more than
Mr. Latham added, “I am very excited with the opportunity to join the Palomar team as we work to build our Crop franchise into a market leader. Palomar has the balance sheet, data and technology, and distribution partnership with Advanced AgProtection, to position our Crop insurance business for rapid success.”
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.
Safe Harbor Statement
Palomar cautions you that statements contained in this press release may regard matters that are not historical facts but are forward-looking statements. These statements are based on the company’s current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by Palomar that any of its plans will be achieved. Actual results may differ from those set forth in this press release due to the risks and uncertainties inherent in the Company’s business. The forward-looking statements are typically, but not always, identified through use of the words "believe," "expect," "enable," "may," "will," "could," "intends," "estimate," "anticipate," "plan," "predict," "probable," "potential," "possible," "should," "continue," and other words of similar meaning. Actual results could differ materially from the expectations contained in forward-looking statements as a result of several factors, including unexpected expenditures and costs, unexpected results or delays in development and regulatory review, regulatory approval requirements, the frequency and severity of adverse events and competitive conditions. These and other factors that may result in differences are discussed in greater detail in the Company's filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
To learn more, visit PLMR.com
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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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