Palomar Holdings Inc. announced a new partnership with PURE Programs to offer owners of high value homes undergoing complex construction projects a new specialized excess and surplus (E&S) lines insurance and risk management program.
The program is designed for luxury construction projects requiring up to $20 million of coverage, inclusive of ground-up new builds, major renovations, and additions.
Palomar Holdings, through its surplus lines subsidiary, Palomar Excess and Surplus Insurance Company (PESIC), will serve as the insurer for the new offering and PURE Programs will serve as the managing general underwriter (MGU) overseeing insurance operations including underwriting, risk management, and claims.
PURE Programs offers best-in-class insurance coverage that is broader than typically found in the E&S market as well as proactive risk management advice and services to prevent claims in the first place and concierge-level services in the unfortunate event a claim does occur.
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 focuses on specialty insurance for residential and commercial clients concentrating 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).
PURE Programs, LLC., is a managing general underwriter offering specialized E&S insurance and risk management solutions for PURE members and other high net worth families whose complex exposures do not qualify for coverage from an admitted insurer. PURE Programs, LLC holds producer licenses in some, but not all states.
Source: Palomar Holdings Inc.
Topics Excess Surplus Construction
Was this article valuable?
Here are more articles you may enjoy.
"pure" - Google News
July 01, 2021 at 09:15PM
https://ift.tt/3h88zHK
Palomar, PURE to Offer High-Value Residential E&S Construction Program - Insurance Journal
"pure" - Google News
https://ift.tt/3d6cIXO
https://ift.tt/35ryK4M
Bagikan Berita Ini
0 Response to "Palomar, PURE to Offer High-Value Residential E&S Construction Program - Insurance Journal"
Post a Comment