Palomar Insurance Holdings, established in February 2014 as a specialty catastrophe insurer, announced today that Daniel Bilot has joined its Advisory Board. He will work closely with the company to evaluate business development opportunities, advise on property catastrophe analytics initiatives and offer expertise on the reinsurance market.
Mr. Bilot has extensive experience in the property and casualty insurance industry and has held a number of reinsurance brokerage leadership positions. Currently the CEO of Capital Risk Partners, he previously served as Senior Vice President at independent reinsurance broker Holborn Corp., and held leadership positions at Guy Carpenter, Collins Associates (acquired by Guy Carpenter in 2009) and E.W. Blanch.
“Palomar is thrilled to have Dan on its Advisory Board. His expertise in catastrophe insurance, reinsurance and analytics will be a valuable resource as Palomar looks to prudently grow into a market leading catastrophe insurer,” said Chief Executive Officer Mac Armstrong.
About Palomar Insurance Holdings
Palomar Insurance Holdings, through its operating company Palomar Specialty Insurance Company, is a recently established catastrophe insurer that has initially focused on writing residential earthquake insurance, commercial earthquake insurance and difference in conditions (“DIC”) in earthquake-exposed states including California, Oregon, Washington and Oklahoma. In recent months, the company has expanded its licensure and is now an admitted carrier in 16 states.
Palomar was funded with $75 million of equity capital from private equity firm Genstar Capital Management, LLC and the management team. The Company has an A.M. Best financial strength rating of “A-” (Excellent).
SOURCE Palomar Specialty Insurance Company