Palomar adds $187.5mn of quake XoL limit and shelves agg program

Published: Wed 5 Apr 2023

Palomar has bulked up its earthquake excess of loss (XoL) reinsurance coverages by buying an additional $187.5mn of limit from a “syndicated panel of long-term trading partners”, while the La Jolla, California-based carrier has opted to non-renew its aggregate protection.