Bermuda market veteran Benson Latham has been appointed executive vice-president, Head of Crop, at Palomar Holdings Inc, where he will be responsible for leading Palomar’s rapidly growing Crop franchise.

Mr Latham is a 30-year veteran of the Crop insurance industry and joins Palomar from Great American Insurance Company.

Earlier in his career, Mr Latham founded Longhorn Re, a Bermudian-based reinsurer focused on Crop risk, which he quickly grew and sold to Validus Re in 2013.

At Validus, Palomar said, Mr Latham launched the company’s Crop division, growing it to more than $1 billion in revenue through organic growth and acquisitions, when the business was sold to American Financial Group’s Great American Insurance Company.

Palomar Holdings Inc is the holding company of subsidiaries including Palomar Specialty Reinsurance Company Bermuda Ltd.