Sign in

    Jeffrey Bronchick • Cove Street Capital, LLC

    Jeffrey Bronchick is Principal and Portfolio Manager at Cove Street Capital, LLC, specializing in research-driven, value-based investment strategies across all market capitalizations. He has covered companies including Ecovyst Inc. and Viasat, maintaining a reputation for generating returns with EBITDA margins in the low 30s for portfolio holdings and a track record of strong free cash flow growth. Bronchick founded Cove Street Capital after serving as Chief Investment Officer at Reed Conner & Birdwell and earlier worked in equity research, sales, and trading roles at Neuberger Berman, Bankers Trust, and First Boston. He is a Chartered Financial Analyst (CFA) and holds a BA in Economics from the University of Pennsylvania, with additional study at the London School of Economics.

    Jeffrey Bronchick's questions to Global Indemnity Group LLC (GBLI) leadership

    Jeffrey Bronchick's questions to Global Indemnity Group LLC (GBLI) leadership • Q2 2024

    Question

    Jeffrey Bronchick of Cove Street Capital, LLC inquired about Global Indemnity's reinsurance strategy, the status of the James River Ventures episode, and the nature of potential future M&A opportunities.

    Answer

    CEO Joseph Brown explained that the company shifted its reinsurance focus from retrocession to directly reinsuring insurance carriers in niche E&S-like markets, avoiding large weather-related exposures. He noted the business is spread across about 15 customers and is expected to grow 30-40% annually. Regarding James River and M&A, Mr. Brown declined to comment specifically on the past episode but confirmed the company continuously evaluates M&A to deploy its substantial excess capital and increase shareholder returns.

    Ask Fintool Equity Research AI