Sep 10Liked by Todd Wenning

Hi Todd, thanks for another great post! For a particular investor, could you provide a couple of sources to quantify your fifth point: low/limited analyst coverage, please?

PS: I use IBKR if that helps to have an open source :)

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Sep 16·edited Sep 16

I've started researching Kinsale, and there's a lot to like about it !

I'd be interested to hear your thoughts about it.

My current understanding is that the multiples may be a little risky, especially if you exclude investments from net income and if the softening part of the cycle finally materializes. However, they've been warning about it for some time now, and E&S may prove a more resilient business line than others in the insurance landscape.

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