Reading time: 5 minutesListening time: 6 minutes The Boardroom Brief — Quarter in Review America turns 250 this weekend. Nobody will mention insurance at the barbecue. But the industry you run is older than the country it's celebrating. Marine underwriters financed the Revolution when the colonies had no navy and no central bank. The receipts are real. So instead of a new Brief this week: ten editions from the past quarter that you told us mattered, measured in the ones you opened and the...
11 days ago • 5 min read
Negotiating D&O at Every Stage of the Build My first insurtech client was convinced he was going to be the Steve Jobs of insurance. Ten years ago he had everything investors wanted. A growth curve doubling every quarter. A proprietary pricing algorithm. And a claims and reserving operation so unglamorous it never made the deck. Guess which one kept him solvent. The growth curve drove the keynote. His algorithm set the valuation. The reserve discipline no one put in the deck is the only reason...
13 days ago • 4 min read
Reading time: 5 minutesListen time: 6 minutes Read the insurtech headlines this quarter and the story sounds simple: the money came back. It did, $1.6 billion of it. But it is not chasing insurance brands anymore; it is buying the rails underneath them. And nearly every dollar is going to a handful of AI-native plays writing the exact coverage your institution sells. The part the funding charts miss is the bigger shift: AI is now on both sides of your transaction, pricing the risk on one side...
18 days ago • 7 min read
Reading time: 5 minutesListen time: 5 minutes Almost everything published about AI risk in insurance is about the cyber threat or the regulatory response. This edition is about the exposure your own systems are building quietly, from the inside. For at least the last five years we've watched the failure point migrate from the person at the keyboard to the architecture underneath your portfolio. Three developments caught our attention this week: There is no public case yet where an insurer's...
25 days ago • 9 min read
Reading scan time: 5 minutesListen time: 5 minutes Here's your Friday Five: Every week our team rips through 200+ insurance, legal, regulatory, and market-risk articles so you don't have to! Three developments caught our attention this week: D&O premium dropped from $15 billion to $10 billion in four years. Loss ratios jumped 5 points in one. AM Best says the open claims patterns resemble the late 2010s, and that era ended badly. 87% of ransomware claims in 2025 entered through remote access....
about 1 month ago • 9 min read
Reading time: 7 minutesListening time: 7 minutes Your Wednesday Intelligence Same Waterfall, Two Reads An MGA management team walked us through their economic waterfall last quarter. Clean controls over all five layers, by their read. The D&O underwriter across the table saw something different at every one. Five layers: the fronting fee, the reinsurance placement, the delegated authority, the underwriting data, and the profit commission. From the management seat, they read as a growth story....
about 1 month ago • 8 min read
Reading time: 5 minutesListening time: 4 minutes Here's Your Friday Five: Almost everything published about the MGA boom is written from the dealmaker's seat, the CEO or management team's perspective, or the analyst's seat. Today we show you the other side. From a broker team that's placed E&O and D&O for hundreds of MGA clients and currently works with some of the largest platforms in the world. Three developments caught our attention this week: The carrier gets paid first on every MGA...
about 1 month ago • 7 min read
Reading time: 8 minutesListening time: 6 minutes Your Wednesday Intelligence State of Play: US Bad Faith A Massachusetts judge turned a $26.6 million verdict into a $90,971,612 bad faith judgment. The policy limit was irrelevant. In the same 12 months, three states made bad faith harder to prove, a federal court let plaintiffs argue that no human ever reviewed an AI-driven denial, and a Nevada ruling cracked the math on every layered D&O and cyber tower in the country. Three reasons to read...
about 1 month ago • 8 min read
Edition #111Reading scan time: 5 minutesListen time: 5 minutes Here's your Friday Five: Every week our team rips through 200+ insurance, legal, regulatory, and market-risk articles so you don't have to! Prefer to listen? Check out the audio version. Three developments caught our attention this week... Insurance operators spend their careers covering everyone else. Their own E&O shield is the one starting to crack, and the same gap runs through every MGA and insurtech in the market. A denied...
about 2 months ago • 7 min read