Palomar snaps up $10mn-premium surety underwriter First Indemnity
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Palomar snaps up $10mn-premium surety underwriter First Indemnity

Palomar acquired FIA for 1.7x closing book value to enter the surety market.

By Jairo Ibarra
August 08, 2024
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Californian specialty carrier Palomar has inked a deal to buy regional surety underwriter First Indemnity of America (FIA) from parent Absco.

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NewsM&APol risk, credit & surety
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