Mac Armstrong, the CEO of Palomar Holdings, is a seasoned leader in the insurance industry, boasting over a decade of experience in specialized markets. He graduated with a Business Administration degree from the University of California, Berkeley and has built...

Mac Armstrong, the CEO of Palomar Holdings, is a seasoned leader in the insurance industry, boasting over a decade of experience in specialized markets. He graduated with a Business Administration degree from the University of California, Berkeley and has built a career that began at Arrowhead General Insurance Agency, where he climbed the ranks to become President before successfully leading its sale. Since taking the reins at Palomar in June 2020, he has guided the company through significant structural changes, including its focus on catastrophe insurance. Under his leadership, the company has implemented innovative compensation plans aligned with performance metrics, ensuring that executive pay ties directly to company success. Notably, the total compensation for Mr. Armstrong in 2023 was approximately $3.54 million, which showcases the value he brings to the organization. He has been recognized for aligning the interests of shareholders with management through substantial equity awards, including 125,000 restricted stock units. Armstrong’s focus on diversity within the workforce is evident, with nearly 39% of team members identifying as minorities, reflecting his commitment to fostering an inclusive corporate culture. With an eye on sustainable practices and operational efficiency, Mac Armstrong is positioning Palomar Holdings for a resilient future in the insurance landscape.