Palomar Holdings, Inc. Elects Daina Middleton to its Board of Directors

Rhea-AI Summary

Palomar Holdings (NASDAQ: PLMR) appointed Daina Middleton to its Board of Directors on July 22, 2021. Middleton, CEO of Britelite Immersive, has extensive experience in operational leadership, marketing, and technology. She previously served as CEO of Ansira and held senior roles at Twitter and Hewlett-Packard, where she drove a 40% revenue growth. Palomar’s Chairman expressed confidence in Middleton’s ability to add value as the company aims to differentiate in the specialty insurance market, particularly for underserved risks like earthquakes and floods.

Positive

• Daina Middleton's extensive background in operational leadership and marketing may enhance Palomar's strategic initiatives.
• Middleton's experience with technology and analytics is expected to contribute to business growth.

Negative

• Concerns may arise regarding the continuity of leadership and the experience gap as Middleton transitions into the Board role.

LA JOLLA, Calif., July 26, 2021 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (“Palomar” or the “Company”) announced today that Daina Middleton has been elected to the Company’s Board of Directors on July 22, 2021.

Ms. Middleton is the Chief Executive Officer of Britelite Immersive, an experiential creative technology company that builds immersive and interactive client experiences to develop transformative engagements with their customers and employees. Previously, she served as the CEO of Ansira, an independent marketing technology and services company focused on customer relationship development. She also held top-level management positions with Twitter, Performics, which is a global performance marketing solutions firm, and Hewlett-Packard where her tenure there included managing revenue marketing where she led the global sales marketing team that drove a 40% growth in revenue.

During her near 30-year career, Ms. Middleton has also consulted broadly across industries to assist companies to manage global teams, optimize digital marketing and nurture company culture. She currently serves on the boards of Marin Software and BIGtoken, both public companies, and is an advisor for several early-stage startup companies. Ms. Middleton received a BA degree in Technical Journalism from Oregon State University where she serves as a member of OSU’s School of Arts & Communication Advisory Council.

“We are extremely pleased to have Daina join our Board,” stated Mac Armstrong, Palomar’s Chairman and Chief Executive Officer. “Daina’s vast and unique experience in operational leadership, customer relationship development, branding, marketing as well as maximizing the use of technology and analytics to grow businesses will add significant value to Palomar as we continue on our strategic mission.”

Ms. Middleton added, “I am excited for the opportunity to join the outstanding team of professionals at Palomar. I look forward to helping Palomar’s management team and Board to continue to differentiate and explore creative solutions for the growing specialty insurance market.”

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., and Palomar Excess and Surplus Insurance Company. Palomar is an innovative insurer that focuses on the provision of specialty insurance for residential and commercial clients. Palomar’s underwriting and analytical expertise allow it to concentrate on certain markets that it believes are underserved by other insurance companies, such as the markets for earthquake, hurricane, and flood insurance. Palomar’s principal insurance subsidiary, Palomar Specialty Insurance Company, is an admitted carrier in 32 states and has an A.M. Best financial strength rating of “A-” (Excellent).

To learn more, visit PLMR.com

Follow Palomar on Facebook, LinkedIn and Twitter: @PLMRInsurance

Contact

Media Inquiries
Sarah Flocken
1-240-630-0316
sarah@conwaymarketinggroup.com

Investor Relations
Shannon Devine
1-619-771-1743
investors@plmr.com   

Source: Palomar Holdings, Inc.

FAQ

Who is Daina Middleton and what is her role at Palomar?

Daina Middleton is the newly elected member of Palomar's Board of Directors, bringing significant experience in operational leadership and marketing from her previous roles.

When was Daina Middleton appointed to Palomar's Board?

Daina Middleton was appointed to Palomar's Board of Directors on July 22, 2021.

What prior experience does Daina Middleton have before joining Palomar?

Daina Middleton served as CEO of Britelite Immersive and Ansira, and held important positions at Twitter and Hewlett-Packard, driving significant revenue growth.

What is the expected impact of Daina Middleton's appointment on Palomar's strategy?

Her expertise in technology, marketing, and customer relationship development is expected to add value to Palomar's strategic mission in the specialty insurance market.