Katie Reynolds is the Executive Director of AIRROC, the Association of Insurance and Reinsurance Run-Off Companies, the only U.S. nonprofit dedicated to promoting the interests of the legacy insurance and reinsurance community. She brings nearly a decade of experience in the legacy sector from claims leadership roles at RiverStone and The Hartford. An active AIRROC member since 2020, Katie has served on committees, the NextGen Council, and the Board of Directors. She holds a B.A. from the University of Rochester and a J.D. from the University of New Hampshire School of Law. On this episode of In The Know, Chris Hampshire and Katie discuss her transition from the carrier side to her current work as an executive director focused on the legacy sector.

Key Takeaways

● Katie's unintentional career journey toward her current position.

● Defining legacy and run-off business.

● Desirable features of the legacy space.

● The current state of the legacy sector.

● Addressing technology challenges in the legacy sector.

● Key aspects to valuating deals.

● AI, claims, and other trends in the legacy space.

● All about the offerings at AIRROC.

● Katie's insights into her new position and all that it entails.

● Katie's next-generation pitch for the insurance talent shortage.

● A look at the five-year future of legacy.

● Katie's encouraging advice to her early career self.

In the Know podcast theme music written and performed by James Jones, CPCU, and Kole Shuda of the band If-Then.

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Quotes

● "In legacy, celebrate every time something actually works the way you want it to!"

● "There is tremendous opportunity in legacy."

● "Legacy holds a lot of interest and a steady amount of deals."

● "I never thought of myself as an insurance nerd, but now I'm literally planning parties to celebrate insurance."