Full-Time

Assistant Vice President Actuarial

Pricing

Updated on 9/10/2026

Palomar Holdings

Palomar Holdings

201-500 employees

Specialty insurance provider leveraging data analytics

Compensation Overview

$160k - $220k/yr

+ Bonus potential + Long-term incentive stock grants

Remote in USA + 3 more

More locations: Edina, MN, USA | Chicago, IL, USA | La Jolla, San Diego, CA, USA

Hybrid

Remote work is available if not commutable to a Palomar office.

Category
Insurance (1)
Required Skills
Python
R
SQL

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Requirements
  • At least 8 years of actuarial experience, ideally with most experience in pricing and some background in reserving and reinsurance.
  • Hold a Fellow of the Casualty Actuarial Society credential or be a high-functioning Associate of the Casualty Actuarial Society.
  • Have working proficiency in artificial intelligence-supported building, R, Python, and SQL to leverage and contribute to the in-house pricing toolkit.
  • Demonstrate the ability to build from 0 to 1 in ambiguous, still-forming environments.
  • Have a deep understanding of actuarial workflows and the practical needs of pricing analysis.
  • Build bridges and translate between technical analysis and key stakeholders.
  • Work effectively in dynamic, fast-changing environments with minimal red tape.
  • Demonstrate a track record of working autonomously and driving progress.
  • Think creatively and pragmatically.
Responsibilities
  • Apply and help shape the in-house pricing toolkit to drive day-to-day pricing analyses and deliver fast, well-grounded results to partners.
  • Serve as a hands-on pricing actuary for underwriting, product, ceded reinsurance, and segment leadership by connecting pricing insights to broader business results and strategy.
  • Lead rate reviews and indications across multiple segments, adapting the approach to each segment’s risk profile and data maturity.
  • Help build a framework for monitoring competitive and market pricing trends.
  • Evaluate new programs, renewals, and rate adequacy, bringing an actuarial perspective to real-time business decisions.
  • Build and maintain working relationships with managing general agents, supporting pricing and program structure where applicable.
  • Work across segments as business priorities shift, building broad exposure across the company’s book.
  • Work directly with underwriting, product, and executive segment leaders to share insights and shape pricing decisions.
Desired Qualifications
  • Team leadership or mentoring experience for future growth.
  • Prior experience mentoring or managing technical staff.
  • Experience in pricing, reserving, and reinsurance, with pricing as the primary background.

Palomar Holdings is a specialty insurance provider offering property and casualty coverage for residential and commercial clients nationwide. It underwrites risk using proprietary algorithms and predictive models to tailor pricing for underserved markets across products like earthquake, flood, inland marine, commercial all-risk, and reinsurance via subsidiaries. It differentiates itself through technology-driven risk analysis, customized pricing, a diversified specialty mix, and expansions into surety, crop, and workers’ compensation via acquisitions and partnerships. Its goal is to grow its specialty insurance platform sustainably, aiming for carbon neutrality by 2050 and investing in green strategies while expanding access to targeted markets.

Company Size

201-500

Company Stage

IPO

Headquarters

San Diego, California

Founded

2014

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Simplify Jobs

Simplify's Take

What believers are saying

  • Q2 2026 gross written premiums rose 27%, reaching $630.5 million.
  • August 2026 guidance rose to $270 million-$280 million adjusted net income.
  • The February 2026 $450 million facility expands capital flexibility for acquisitions and growth.

What critics are saying

  • Earthquake losses in California or Hawaii can crush results despite June 2026 reinsurance.
  • Gray Surety integration after January 2026 acquisition can distract management and distort underwriting discipline.
  • Specialty rivals Kinsale, RLI, and W. R. Berkley pressure pricing; litigation consumes capital.

What makes Palomar Holdings unique

  • Palomar pairs proprietary underwriting with underserved specialty lines, including earthquake, flood, and surety.
  • February 2026 Gray Surety added national contract-bond capability across 50 states.
  • June 2026 reinsurance placed $3.92 billion earthquake coverage, supporting aggressive growth.

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Benefits

Health Insurance

Stock Options

Remote Work Options

Paid Vacation

Paid Holidays

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

12%

1 year growth

12%

2 year growth

15%
Simply Wall St
Jul 9th, 2026
Palomar Holdings (PLMR) Could Be 6% Undervalued On Raised Guidance And New Credit Facility

Guidance upgrade and credit facility draw investor focus Palomar Holdings (PLMR) recently raised its 2026 adjusted net income guidance after a robust first quarter, while also securing a new US$450,000,000 unsecured credit facility that increases its financial flexibility. This combination of a higher earnings target, disciplined underwriting, broad-based premium growth, and added borrowing capacity has drawn fresh attention to how the stock’s recent move may reflect the company’s longer term...

GlobeNewswire
Oct 30th, 2025
Palomar Holdings, Inc. Announces Agreement to Acquire The Gray Casualty & Surety Company

LA JOLLA, Calif., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (“Palomar”, the “Company”) today announced that it has entered into a definitive agreement to acquire The Gray Casualty & Surety Company (“Gray Surety”) from Bernhard Capital Partners (“BCP”) and The Gray Insurance Company for total consideration of $300 million in cash subject to customary closing adjustments. The transaction has been approved by both Gray Surety and Palomar’s boards of directors and is expected to close during the first half of 2026, subject to regulatory approvals and other customary closing conditions.Gray Surety is a Treasury-listed surety carrier specializing in contract bonds for midsized and emerging contractors across the United States. Led by an experienced, entrepreneurial management team, Gray Surety is licensed in 50 states and operates through thirteen regional offices.Mac Armstrong, Palomar’s Chairman and Chief Executive Officer, commented, “I am pleased to announce the acquisition of Gray Surety, a leading surety carrier with a strong national presence and a proven, experienced management team. This transaction meaningfully enhances Palomar’s surety franchise, bolstering our current market position and complementing our existing operations

Benzinga
May 29th, 2025
Palomar Holdings, Inc. Announces Successful Completion Of June 1 Reinsurance Placement

~ Full-Year 2025 Adjusted Net Income Guidance Increased to $195 Million to $205 Million ~LA JOLLA, Calif., May 29, 2025 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. PLMR ("Palomar" or the "Company") today announced the successful completion of certain reinsurance programs incepting June 1, 2025, and increased the Company's full year 2025 adjusted net income guidance.The Company has procured approximately $455 million of incremental limit to support the growth of its Earthquake franchise. Palomar's reinsurance coverage now extends to $3.53 billion for earthquake events and $100 million for continental United States hurricane events.Palomar's per occurrence event retention is $11 million for hurricane events, reduced from $15.5 million the previous treaty year, and $20 million for earthquake events, levels that continue to be meaningfully within management's previously stated guideposts of less than one quarter's adjusted net income and less than 5% of stockholders' equity.The reinsurance program continues to provide ample capacity for the Company's growth in the subject business lines as well as coverage to a level exceeding Palomar's 1:250-year peak zone Probable Maximum Loss. Of note, $525 million of the $3.53 billion earthquake limit was sourced through Palomar's sixth and largest Torrey Pines Re catastrophe bond issuance, which exceeded management's $425 million target and priced at the lower end of the indicated range.Effective June 1st, Palomar also executed the first standalone excess of loss (‘XOL') treaty covering the Hawaii hurricane policies issued by Laulima Exchange. This business was previously covered through Palomar's core reinsurance tower, which now consists of over 95% earthquake-only coverage as a result of this change. Laulima's XOL reinsurance program consists of per occurrence coverage up to $735 million with a retention of $1.5 million."We are very pleased with the outcome of our June 1 excess of loss placement and remain grateful for the continued support of our broad and diverse reinsurance panel," commented Mac Armstrong, Palomar's Chairman and Chief Executive Officer

Artemis
Apr 28th, 2025
Palomar secures its largest catastrophe bond yet, $525m Torrey Pines Re 2025-1 - Artemis.bm

Palomar Insurance Holdings has now successfully priced what will be the largest catastrophe bond it has sponsored yet, as the company secured its upsized

StockTitan
Mar 20th, 2025
Palomar Acquires Advanced AgProtection Deal

Palomar Holdings (NASDAQ:PLMR) has announced a definitive agreement to acquire Advanced AgProtection (AAP), a Texas-based specialized Crop Managing General Agent. This acquisition, expected to close in Q2 2025, follows Palomar's strategic investment in AAP in 2023. The deal aims to enhance Palomar's growth in the Crop insurance market, leveraging AAP's established platform and experienced team to position Palomar as a preferred leader in the sector.