Longriver Podcast Shree Viswanathan - Let The Process Lead You
9 snips
Oct 15, 2023 
Shreekkanth Viswanathan, Founder of SVN Capital, discusses curation in investing, focusing on Kinsale Capital's unique position in the insurance industry. They explore the excess and surplus insurance market, regulatory differences, float's impact on valuation, and key factors in evaluating insurance businesses.
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Tamp Down Ego To Stay Open Minded
- Actively tamp down ego to stay open minded and avoid costly overconfidence in investing decisions.
- Shree credits a spiritual practice and meditation for keeping ego in check and enabling serendipitous insights.
Kinsale Discovery Came From Broker Research And A Friend
- Shree discovered Kinsale after researching wholesale insurance brokers and a friend's recommendation led him to dig into excess and surplus insurers.
- A conversation about Ryan Specialty and encouragement from Rajiv LaPancia directly triggered his deep work on Kinsale.
Why Excess And Surplus Is Growing Fast
- Excess and surplus (E&S) insurers write non‑admitted bespoke or hard‑to‑place commercial risks and are free from state rate-and-form constraints.
- E&S has grown ~10% CAGR since 2000 and now represents ~20% of commercial P&C premium, driven by bespoke needs and standard carriers pulling back.