Palomar $20 Million Senior Note Issuance

On Sep. 14, 2018, Palomar Insurance Holdings (“Palomar”) announced a $20mm senior note offering

• Transaction generated strong investor interest
• Transaction was supported by Cohen & Company and funds managed by Fermat Capital Management
• Proceeds will be utilized to:
  • Refinance existing $17.5mm surplus note of Palomar Specialty Insurance Company
  • Other general corporate purposes

Palomar is a leading insurer focused on the U.S. CAT-exposed market

• Products include earthquake, coastal homeowners, residential HU and commercial “all-risk” business
• 7th largest writer of earthquake insurance on a national basis(a)
• Large presence in California and active across 23 additional states
• Palomar is rated “A-” by A.M. Best

Palomar is led by Mac Armstrong, the former President of Arrowhead General Insurance Agency

• Palomar was founded in 2014 and is majority owned by private equity firm Genstar Capital

(a) Source: SNL Financial; as of the time of the transaction.