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    Samir Khare

    Research Analyst at Capital Returns Management

    Samir Khare is a seasoned analyst specializing in insurance sector investments, serving most recently as a senior professional at Capital Returns Management before transitioning to head the casualty ILS platform at Fleming Insurance Holding. His coverage has included firms such as Fundamental Global and Kemper Corp, and his track record highlights strong quantitative skills and careful industry analysis. Khare began his career as a casualty reinsurance pricing actuary with Quanta Holdings, followed by an actuarial consultant role at PwC, before moving into investment roles at Capital Returns and Point72, joining Fleming in 2024. He holds advanced credentials in statistics and actuarial science, with notable expertise recognized in both buy- and sell-side insurance investment circles.

    Samir Khare's questions to FGF leadership

    Samir Khare's questions to FGF leadership • Q1 2017

    Question

    Samir Khare of Capital Returns Management asked about the upcoming reinsurance renewal, potential changes to the program, participation in the TWIA takeout, and sought more detail on the rating agency changes in Florida that could create market opportunities.

    Answer

    President and CEO Douglas Raucy stated that no major changes are expected for the June 1st reinsurance renewal, with the structure remaining nearly identical and the aggregate cover likely staying at $25 million. He confirmed the company will not participate in the 2017 TWIA depopulation unless captive carriers join. Regarding Florida, Raucy elaborated that rating agency Demotech is more strictly enforcing minimum capital requirements, causing disruption and consolidation among smaller carriers and contributing to a hardening market that presents an opportunity for PIH.

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