Quick Take
Palomar Holdings (PLMR) went public in April 2019, raising $85 million in gross proceeds.
The firm provides a range of specialty insurance services to commercial markets in the U.S.
PLMR has performed impressively since its IPO but may be exposed to policyholder business failures as a consequence of the Covid19 outbreak.
My bias on the stock is Neutral through 1H 2020.
Company
La Jolla, California-based Palomar was founded in 2014 as a commercial and institutional specialty insurance provider with a focus on the earthquake, wind and flood markets.
Management is headed