Palomar Holdings – the firm that spans Palomar Specialty Insurance Company, Palomar Specialty Reinsurance Company Bermuda, Palomar Insurance Agency, Palomar Excess and Surplus Insurance Company, and Palomar Underwriters Exchange Organization – has announced the appointments of Rodolphe Herve and Tim Carter as chief operating officer and chief people officer, respectively.
Carter is assuming the role on June 24; Herve, on July 1.
The new chief people officer has over two decades of leadership experience in human resources, operations, and sales. His expertise spans human capital optimization, talent acquisition and retention, learning and development, and inclusion and culture.
Carter’s credentials include 10 years at LPL Financial as senior vice president of HR, as well as positions at G4S Integrated Services, Parexel, and Home Depot. Additionally, Carter served as a Captain in the United States Marine Corps.
Meanwhile Herve, an accomplished insurance executive, brings more than 20 years of experience in technology, operations, strategic transformations, and mergers and acquisitions.
Prior to his appointment, Herve was global head of property and casualty operations at SCOR, where he previously served as chief executive of North America and chief transformation & operations officer of the specialty insurance division. His career includes roles at QBE North America, Bain & Company, Orange Ventures, and Morgan Stanley.
“We are thrilled to welcome Tim and Rudy to Palomar as we expand our leadership team to effectively manage our profitable growth and execute our Palomar 2X strategy,” said Mac Armstrong, Palomar’s chair and CEO.
“Our ability to attract such accomplished executives like Rudy and Tim is a testament to not only our success to date but also, and more importantly, the opportunity that lays ahead. We believe Tim and Rudy’s extensive experience will be invaluable as we continue to grow and will further enhance our ability to build Palomar into a leading specialty insurer.”
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