A new buy Recommendation From JP Morgan Could Quickly Lead the Stock of Specialty Insurer Palomar Back to its all-Time High!

Palomar is a US specialty insurer that focuses on extreme weather phenomena. In the area of earthquakes, the company is the leading provider in the USA. Regarding crop failures, it sees a new growth opportunity, having only served this area for the past two years. However, by year-end, Palomar aims to position itself among the top 10 crop insurers in the USA. With a new reinsurance agreement for 2025, Palomar intends to take on more risk and retain 30% of the premiums instead of the previous 5%. In the medium term, gross premiums alone for crops...