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Kinsale Capital Group, Inc. is a specialty insurance company operating exclusively in the Excess and Surplus (E&S) Lines Insurance market in the United States. The company provides property and casualty (P&C) insurance products tailored for hard-to-place risks, serving small- to medium-sized businesses and personal lines customers. Kinsale distributes its products through a network of independent insurance brokers across all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, leveraging a proprietary technology platform to enhance efficiency and underwriting expertise.
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Commercial Lines - Offers a wide range of property and casualty insurance products, including commercial property, excess casualty, small business casualty, construction, general casualty, allied health, products liability, life sciences, entertainment, energy, professional liability, management liability, environmental, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad.
- Casualty Insurance - Covers general casualty, small business casualty, excess casualty, products liability, professional liability, and management liability.
- Property Insurance - Includes commercial property, small property, inland marine, ocean marine, and aviation.
- Specialty Lines - Encompasses construction, allied health, life sciences, energy, entertainment, environmental, health care, public entity, product recall, and railroad.
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Personal Lines - Provides personal insurance products, including high-value homeowners' insurance, catering to niche markets.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Michael P. Kehoe ExecutiveBoard | Chairman of the Board and CEO | None | Founder of KNSL, CEO since 2009, Chairman since March 2024. Previously led James River Insurance and held senior roles at Colony Insurance. Holds a J.D. from the University of Richmond. | View Report → |
Brian D. Haney Executive | President and COO | None | Joined KNSL in 2009 as Chief Actuary. Promoted to COO in 2015 and President in March 2024. Expertise in actuarial functions, catastrophe modeling, and reinsurance. | |
Bryan P. Petrucelli Executive | EVP, CFO, and Treasurer | None | EVP, CFO, and Treasurer. Principal Financial Officer responsible for financial reporting compliance. | |
Diane D. Schnupp Executive | EVP and Chief Information Officer | None | Joined KNSL in May 2019. Promoted to EVP and CIO in March 2021. Previously held leadership roles at Impact Makers, Capital Center, and Genworth Financial. Holds an M.S. in Technology Management from VCU. | |
Mark J. Beachy Executive | EVP and Chief Claims Officer | None | Joined KNSL in October 2020. Previously Group General Counsel at Travelers Indemnity Company. Extensive legal and claims management experience. Holds a J.D. from Catholic University. | |
Anne C. Kronenberg Board | Director | Board Member at Woods Hole Oceanographic Institution; Director at Transamerica Financial Life Insurance | Director since June 2017. Over 25 years of experience in insurance investment banking. Former Managing Director at J.P. Morgan and Citigroup. Holds an M.S. in Finance from MIT Sloan. | |
Frederick L. Russell Jr. Board | Director | Managing Partner at Virginia Capital Partners | Director since April 2010. Managing Partner at Virginia Capital Partners since 1997. | |
Gregory M. Share Board | Director | Managing Director at Oaktree Capital Management; Director at Runway Growth Finance Corporation | Director since August 2017. Over 20 years of investment experience. Previously served on the board of Neo Performance Materials. Holds a B.S. in Economics from the University of Pennsylvania. | |
James J. Ritchie Board | Director | Chairman of Audit Committees at Nuveen Churchill Direct Lending Corp., NC SLF Inc., and Nuveen Churchill Private Capital Income Fund | Director since January 2013. Former CFO of White Mountains Insurance Group and OneBeacon Insurance. Holds an M.B.A. from Rutgers Graduate School of Business Administration. | |
Mary Jane B. Fortin Board | Director | None | Director since October 2024. Former President and Chief Commercial Officer at Thrivent Financial. Over 30 years of experience in financial services. Holds an MBA from Wharton. | |
Robert V. Hatcher III Board | Director | None | Director since 2021. No additional details provided in the documents. | |
Steven J. Bensinger Board | Director | Senior Advisor at Howden Tiger; Director at Clearcover Insurance, The Doctors Company, and Ariel Re Holdings | Director since July 2015. Over 30 years of insurance industry experience. Former CFO of White Mountains Insurance Group and OneBeacon Insurance. | |
Teresa P. Chia Board | Director | CFO at Vertafore, Inc. | Director since January 2021. Extensive investing experience in insurance and capital markets. Previously Managing Director at Post Mills Capital and White Mountains Capital. |
- Given the increased competition in your Commercial Property and certain Professional Liability lines, how do you plan to sustain your growth rates while maintaining strong underwriting margins without compromising your risk standards?
- With the deceleration of rate increases to around 3% against a loss trend assumption of approximately 6%, what strategies are you implementing to ensure that your underwriting profitability remains intact in this challenging rate versus trend environment?
- Considering the industry concerns about potential reserve deficiencies in casualty lines, can you elaborate on how you are managing your casualty reserves to avoid adverse development, especially in your longer-tailed construction-related liability business?
- Your expense ratio has benefited from ceding commissions and efficiencies, leading to a sub-20% ratio recently; how sustainable is this low expense ratio, and what factors could cause it to increase in the upcoming quarters?
- With the introduction of the $100 million share buyback program amidst strong operating returns, should we interpret this as an indication that you see limited opportunities for reinvesting excess capital into organic growth, and how does this align with your long-term growth expectations of 10% to 20%?
Recent press releases and 8-K filings for KNSL.
- Operating earnings per share increased by 6%, with diluted EPS improving from $3.50 to $3.71, reflecting strong profitability despite significant catastrophe events.
- Gross written premium grew by 8% while maintaining a robust combined ratio of 82%, demonstrating disciplined underwriting and conservative risk management.
- Capital management actions included a $10 million share repurchase, supporting the company’s strategy of prioritizing profitability over aggressive premium growth.
- Net income was reported at $89.2 million with diluted earnings per share of $3.83, reflecting after-tax catastrophe losses of $17.8 million.
- Underwriting income increased to $67.5 million with a combined ratio of 82.1%, indicating disciplined underwriting performance.
- Gross written premiums grew by 7.9% to $484.3 million, signaling revenue expansion compared to Q1 2024.
- Net investment income rose by 33.1% to $43.8 million, bolstering overall profitability.