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Palomar Holdings partners with Neptune Flood as exclusive MGA for flood insurance to enhance growth in the U.S. market.

Jun 27, 202525 days ago

Contract Type

partnership

La JollaInsurance

Description

Palomar Holdings has formed a strategic partnership with Neptune Flood, appointing Neptune as its exclusive managing general agent for flood insurance. This collaboration aims to improve access to innovative flood coverage solutions using AI-powered technology.

Company Information

Company

Palomar Holdings

Location

La Jolla, California, United States

About

Palomar Holdings, Inc. is an innovative insurance holding company serving residential and commercial clients in specialty markets, including earthquake insurance. It is the holding company of subsidiaries Palomar Specialty Insurance Company, Palomar Specialty Reinsurance Company Bermuda Ltd., Palomar Insurance Agency, Inc., Palomar Excess and Surplus Insurance Company, and Palomar Underwriters Exchange Organization, Inc. The consolidated results also include Laulima Reciprocal Exchange, a variable interest entity for which the Company is the primary beneficiary.

Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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