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Capital Management

Looking Behind the Curtain

I have not figured out why reinsurance is not fully regulated, as is insurance. I have heard the logic that the parties to the contract are equally sophisticated, and therefor no regulation is necessary. The problem with that logic is that it assumes a premise that is false. Many of the parties do not have equal bargaining power; they are not equally qualified to enter into the transaction and there are no real arms length negotiations. Many small companies spend more on reinsurance each year then they could possibly receive from the sale of the building they occupy.

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Jason Murgio

Mr. Murgio brings over 20 years of experience in insurance, M&A advisory, and business development, with a track record of nearly $4 billion in deal value. He has worked with several multibillion-dollar insurance carriers, including Allstate, Munich Re, Allianz, Progressive, Morgan Stanley, AIG, and White Mountains. His expertise spans international markets—including the UK, Netherlands, Bermuda,…

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