Flip the Cap

Welcome to Flip the Cap, the insurance industry's premier podcast! In this episode, Kathryn Smith sits down with Loren Henry, Energy Practice Leader at Jencap, to illuminate everything you need to know about the environmental, energy, marine and hazmat/oilfield industries. Loren sheds light on the environmental implications of "going green", trends impacting the energy industry, and provides several examples that highlight the critical need to work with a specialized broker on energy risks. Listen now so you can tackle your next clients' environmental / energy risk with confidence! Episode Highlights: (3:16) What do Snoop Dogg, D1 soccer, and radio talk shows have in common? Loren Henry! (8:40) Environmental versus energy - where's the line? (9:45) Outlier P&C trends impacting the energy industry (12:59) Pros and cons to "going green" (15:56) Why an agent should work with a specialized energy broker (19:14) Launch of Jencap's new energy practice Learn more about Jencap's environmental capabilities: https://jencapgroup.com/custom-solutions/environmental/

In this episode of Flip the Cap, host Kathryn Smith and special guest Bruce Peddle, President of Jencap Insurance Services, take listeners on a journey through the dynamic world of insurance, the importance of innovative technology, and they unlock the secrets to successful change management. Tap into Bruce's wealth of knowledge as he explores topics related to small transactional business, M&A, and more.

Episode Highlights:

• (3:24) The best investment Bruce ever made
• (8:19) Interesting facts you likely don't know about Bruce (teaser: tattoos, hockey, kicked out of the military, oh my!)
• (12:36) Biggest trends impacting the binding authority / small transactional area of the insurance industry
• (15:34) Growth in MGA/MGU model and its impact
• (17:54) The importance of technology and innovation for small transactional insurance risks
• (23:40) The importance of change management and sound operational strategies to streamline M&A
• (32:32) Why insurance is the hidden gem of the American economy

Learn more about Jencap's expansive binding capabilities at https://jencapgroup.com/areas-of-specialization/binding-authority/ .

In this episode, Jencap Director and certified catastrophe modeler, Bruce Norris delves into the intricacies of catastrophe modeling with our host, Kathryn Smith. With decades of experience in catastrophe analysis and technology, Bruce sheds light on the fundamentals of CAT modeling, explores the nuances of PML and AAL, and how a model's data impacts insurance outcomes.

Episode Highlights:

• 9:24 How Bruce's backpacking hobby led to sightings of his spirit animal
• 10:49 Revealing the "favorite failure" that paved the path to Bruce's biggest success
• 16:33 Understanding CAT modeling and its crucial role in the insurance industry
• 18:46 Breaking down PML and AAL
• 20:45 Why the model and carrier pricing aren't always in sync
• 22:42 What factors are influencing the data in the model?
• 25:05 The importance of quality and well formatted data
• 27:02 The relationship between ITV and CAT modeling
• 28:26 Jencap's property team advantage

Learn more about Jencap's expansive property capabilities at https://jencapgroup.com/custom-solutions/property/

Tune into a special edition of Flip the Cap where Kathryn Smith sits down with John Jennings, Jencap CEO, as he shares insight into his early days in the industry and the pivotal moments that led to the creation of Jencap. In this episode, Jennings unveils the strategies fueling Jencap's growth, the secret to successful M&A integrations, and interesting predictions for the insurance industry in 2024. Don't miss this insider's view into Jencap's past, present, and future.

Episode highlights include:

• The Beginning of John Jennings' Insurance Journey 1:32-2:28

• Adventures On the Green & Off the Beaten Path 3:12-3:53

• Greatest Accomplishments with John Jennings 3:54-4:46

• John Jennings' Formula to Success 4:46-5:52

• Why should someone consider insurance as a career? 6:00-7:31

• Learn about the events leading to Jencap's launch 9:16-11:50

• What makes a company attractive to Jencap and our 2024 M&A predictions 11:51-16:22

• Jencap's CEO shares its 2023 success 16:23-18:11

• Predictions for key trends in 2024 that will impact the industry 18:12-21:55

• The Jencap Advantage: Collaboration 21:55-26:12

In this episode of Flip the Cap, host Kathryn Smith sits down with Jeff Sandy, Jencap's Vice President of Workers' Compensation. Being a statutory coverage, the inputs that determine the best carrier partner for a Workers' Compensation risk are very different from the P&C world. There are also numerous alternative plans available depending on the risk that are full of nuanced complexities. With Jeff's extensive expertise, listeners uncover valuable strategies to navigate audits, how to avoid misclassifying a job, and general guidance on navigating this unprecedented marketplace.

Episode highlights include:

• Jeff reveals his superpower in the insurance industry (03:15)

• His involvement in Gamma Iota Sigma and the important role the organization plays in our industry (04:23)

• Break down of the alternative WC plans available based on the risk profile (12:08)

• The most misunderstood class of business for Workers' Comp (14:21)

• Key considerations to best navigate audits (16:08)

In this episode of Flip The Cap, Kathryn Smith sits down with special guest Michael De Feo, Senior Vice President of Jencap's Professional Lines Practice. Michael and Kathryn explore the volatile world of the professional lines industry - talking in great detail on what's happening with Directors & Officers (D&O) Insurance, Errors and Omissions (E&O) Insurance, and financial institution risks. The game is changing so quickly that it's critical for agents to understand the current marketplace trends and changes happening real time.

Episode highlights

• Why Use a Wholesaler to Quote When You Can Go Direct?

• The Rise of Errors & Omissions Claims

• New Professional Lines Products for Emerging Risks

• Important Risk Considerations for M&A Activity

• Importance of Working with Specialized Broker on Financial Institution Risks

On this episode of Flip The Cap, Kathryn Smith sits down with special guest Roman Atkielski, Transportation Practice Leader at Jencap. He is an insurance veteran with 30+ years of experience in underwriting, marketing and program development. Roman has dedicated his entire career to transportation insurance, holding various roles with insurance carriers, reinsurers, and MGAs.

On this episode of Flip The Cap, Kathryn Smith sits down with John LaCava (Chief Operating Officer of Jencap) to discuss the program management side of the insurance business. They dig into how the shift in the E&S marketplace has impacted programs, the importance of data and analytics in our industry, and Jencap's strength as one of our country's largest program administrators. John also reveals his past rockstar life and discusses the charity he so proudly played a part in founding.

Episode Highlights:

1:38: John LaCava reveals his rockstar musical background

4:55: How John found a career in insurance

8:30: How a St. Patrick's Day with friends gave birth to a hundred million dollar children's charity

15:45: Trends impacting the current rate environment, capacity issues and property valuations

19:45 How the shift to the E&S market has impacted programs

21:45 Data analytics' role in risk selection and pricing

29:37 The most beneficial trend over the last few years has been data and analytics

30:09 Jencap's strengths as one of the largest insurance program administrators

35:12: Jencap's program structure and value proposition to retailers

Welcome to Flip the Cap — the insurance industry's premier podcast! In this episode, Kathryn Smith discusses important property insurance trends with Ben Beazley, EVP of Property at Jencap. Ben shares valuable information about alternative capital trends, how to best position your insureds for their upcoming renewals, the validity of modeling, trends he expects to see continue in 2023, and so much more!

Episode Highlights:

1:31 : Getting to know Ben Beazley

8:02 : The benefits Jencap offers as a wholesaler

11:55 : Trends in alternative capital and how it has impacted property insurance

14:58 : Predictions for wholesale brokerage growth in 2023

18:02 : Important trends in rates, retentions, and reinsurance

20:47 : The validity and impact of modeling on property underwriting

23:57: Best practices for agents to ensure a smooth property renewal process

28: 37: The Jencap property advantage

Learn more about Jencap's expansive property capabilities at https://jencapgroup.com/about-us/.