Inside P&C: Unreserved

In the 14th episode of Unreserved, Zurich North America CEO Kristof Terryn sits down with Inside P&C’s editor-at-large, Adam McNestrie.  

The executive stressed that his firm would not change tactics on deployed limits in the national accounts space as it seeks to manage volatility across the business. Terryn also outlined the company’s ambitions to grow in the middle-market segment and in Canada, and set out how Zurich North America would tackle the E&S space via its new dedicated unit.

In the latest episode of Unreserved, Dual executive chairman Kieran Sweeney sits down with Inside P&C’s acting managing editor Adam McNestrie.

The executive explains that structural forces are propelling growth in the MGA market, which will reach $100bn of GWP in the coming years. He argues that Dual itself will double in size to $5bn of premiums in the next two to three years, likely making it the biggest MGA in the world.

In the 11th episode of Unreserved, Kinsale CEO Michael Kehoe sits down with Inside P&C’s acting managing editor, Adam McNestrie. 

The executive explains that the E&S market is passing through a Golden Age of margin expansion and growth, although some in the market are still struggling with prior-year development. He also notes that the pandemic has likely provided a one-time reduction in industry losses but stresses that the plaintiff bar will be back before long.

In the tenth episode of Unreserved, Jack Butcher, president of collectible car MGA Hagerty, sits down with Inside P&C News Editor James Thaler. 

The executive discusses the company’s unique approach to lifestyle/affinity marketing and its growth strategy in targeting what it believes is a 43 million addressable market. 

The collectible car enthusiast also delves into Hagerty’s capacity and distribution partnerships, its omnichannel distribution strategy and how its M&A strategy deviates from many traditional insurance businesses. Butcher also outlines the appeal of the MGA structure and how Hagerty balances running a high personal touch service business with the need to secure efficiencies through tech. 

In the ninth episode of Unreserved, Burns & Wilcox chairman, president and CEO Alan Kaufman and COO Danny Kaufman sit down with Inside P&C News Editor James Thaler. 

The wholesale executives explain why market conditions are likely to remain firm for the next year and a half, why new capacity has been to slow hold down rate rises and the increasing sophistication of the wholesale market.

In addition, they share their views on M&A, the explosion of new fronting companies supporting MGA business and perpetuating the family-owned business into the next generation.

In the eighth episode of Unreserved, RenaissanceRe’s CUO for property Justin O’Keefe and CUO for casualty and specialty David Marra sit down with Inside P&C’s US News Editor, James Thaler. 

The reinsurance executives explain why the January renewal is likely to be tough for property and how strong underlying rate gains have to led to  heavy demand and less differentiation among reinsurers for casualty quota share business. 

Plus, they share their thoughts on developing a view of risk in an inflationary environment.

In the seventh episode of Unreserved, Amwins CEO Scott Purviance and president James Drinkwater sit down with Insider Publishing’s Editor-in-Chief Adam McNestrie. 

The executives explain that despite the success of Ryan Specialty Group’s IPO, they intend to remain private. They also said that there are a number of micro hard markets still running and observed that there are no deals on the scale of the Worldwide Facilities transaction left to do in wholesale.

In the sixth episode of Unreserved, Core Specialty’s Jeff Consolino and Ed Noonan sit down with Insider Publishing’s Editor-in-Chief Adam McNestrie.

The executives note that IPOs are on their mind but stress they will not be hurried to catch the cycle, and warn that anyone not playing close attention to inflation is “whistling past the graveyard”.

In the fifth episode of Inside P&C’s podcast series, the Reinsurance Association of America’s president, Frank Nutter, and director of financial services, Joe Sieverling, sit down with Inside P&C’s News Editor James Thaler. 

The executives share their outlook on the ongoing infrastructure talks, tax reform, the transfer of public sector risk to the private sector, ESG disclosure regulation, and the need to tackle cannabis regulation at the federal level.