Palomar Holdings, Inc. completes acquisition of First Indemnity of America Insurance Company to enter the Surety market
Acquiring Company
Palomar Holdings
Acquired Company
First Indemnity of America Insurance Company
La JollaInsuranceImage RecognitionDescription
Palomar Holdings, Inc. has successfully completed the acquisition of First Indemnity of America Insurance Company, marking its entry into the highly profitable Surety market. This strategic acquisition provides Palomar with the opportunity to diversify its specialty insurance portfolio, enhance long-term value for shareholders, and strengthen its position in the specialty insurance sector.
Quick answer
Palomar Holdings is acquiring First Indemnity of America Insurance Company, announced January 2, 2025. Palomar Holdings is based in La Jolla, California, United States.
- How much did Palomar Holdings pay for First Indemnity of America Insurance Company?
- The deal value was not disclosed.
- What does Palomar Holdings do?
- Palomar Holdings, Inc. is an innovative insurance holding company serving residential and commercial clients in specialty markets, including earthquake insurance.
- Where are Palomar Holdings and First Indemnity of America Insurance Company based?
- Palomar Holdings is based in La Jolla, California, United States.
- Who are the decision-makers at Palomar Holdings?
- Fundz holds 1 contact at Palomar Holdings. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired First Indemnity of America Insurance Company?
First Indemnity of America Insurance Company was acquired by Palomar Holdings, based in La Jolla. The deal was reported on January 2, 2025. Palomar Holdings, Inc. is an innovative insurance holding company serving residential and commercial clients in specialty markets, including earthquake insurance. Palomar Holdings is publicly traded (PLMR) and operates in Insurance.
When did Palomar Holdings acquire First Indemnity of America Insurance Company?
Palomar Holdings's acquisition of First Indemnity of America Insurance Company was reported on January 2, 2025. Palomar Holdings, Inc. has successfully completed the acquisition of First Indemnity of America Insurance Company, marking its entry into the highly profitable Surety market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does First Indemnity of America Insurance Company do?
No description available It is privately held, operating in Image Recognition.
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