As Palomar Specialty grows, we continually examine our risk appetite and internal capabilities. To this end, we are pleased to announce that, effective immediately, we are increasing our TIV limit from $10 million to $20 million on new business submissions directly from our wholesale partners on those risks located in California. This is a departure from our previous stance where Palomar Specialty would only accept California risks directly up to $10 million in TIV.
For renewal business that is currently placed with either of our MGA partners, Catalytic and Arrowhead, we kindly ask you to continue to renew that business with them.
To reiterate and summarize Palomar will underwrite directly:
• California: Acceptable occupancies with TIV up to $20 million
• All other states: Acceptable occupancies with TIV of any size (no change)
As a reminder, please send your new Commercial DIC/Earthquake business submissions to:
Please feel free to contact your underwriter directly if you have any questions or would like to discuss the change further. Thanks again for your continued support. We greatly value your partnership with Palomar Specialty.