James Hole Email & Phone Number

Philadelphia, Pa, Us

Greater Philadelphia

XG Re offers expert, cost-effective access to the global reinsurance market which has seen a generational-level improvement in pricing and terms and conditions∎ XG Re, LLC (XG Re) is a newly-formed treaty reinsurance managing general underwriter (MGU) seeking a lead investor with a highly-rated domestic insurance brand∎ Ideal lead investor/insurer will: ∎ Own a large stake in XG Re ∎ Engage with XG Re strategically to refine the business plan and assist in assembling a world-class team of underwriters, actuaries, and modelers intent on building a domestic version of Ren Re, but with a more balanced overall multi-line target portfolio and capital-lite focus ∎ Provide an amount of multi-line reinsurance capacity on an agreed opportunistic basis to develop a well-balanced underwriting portfolio designed to have an exceptional risk/reward profile and an attractive return on allocated capital ∎ Support XG Re’s strategy of writing reinsurance as a line of business for a few select, highly rated domestic carriers seeking access to the global reinsurance market

Greater Philadelphia

And Motorsports

Philadelphia And Cincinnati

Developed a comprehensive business strategy for Cincinnati Financial to enter the reinsurance market in 2015. Launched Cincinnati Re on May 4, 2015 and began building a highly-respected team of underwriting leaders, actuaries and modelers totaling 46 people by year end 2022 with ~$585 million in annual Net Written Premium income.∎ Founded and launched reinsurance division, delivering top quartile Underwriting Performance with Net Written Premiums of $1.95bn achieved over seven years from zero in 2015. Business currently represents ~ 8% of Cincinnati Financial Group’s revenue, with 2023 Cincinnati Re results to be >40% of group underwriting profit based on my estimate through nine months of 2023, following earnings release.∎ Achieved inception to date combined ratio of ~ 99% through Q1, 2023 despite challenging market conditions. Experienced 6 out of the 10 of worst insured catastrophe loss years during tenure, including investment income, COR estimated at 96%.∎ Built an exceptional high-performance reinsurance team by recruiting 46 professionals including underwriters, actuaries/developers, catastrophe modelers, claims specialists, lawyers, and accounting /support staff. ∎ Fostered a highly collaborative team culture by engaging and empowering diverse leaders to attract, motivate, and retain staff, achieving the company’s highest employee engagement score of 97. ∎ Drove superior relative underwriting performance (top quartile UW performance relative to RAA peer group) by delivering world-class reinsurance analytics and applying deep market knowledge of broker distribution channel. ∎ Conceived and developed a relationship with Beaufort, an Integrated Lloyd’s Vehicle, owned by Munich Re culminating in CINF acquiring the operation in February 2018, and adding key international underwriting capabilities.

Philadelphia, Pennsylvania, United States

 Developed go-to-market strategy for a $350M business with Project North Star. Formed a business development team, engaging global and local leaders from each business line to identify profitable revenue growth opportunities. Allocated resources aligned with the company’s existing capabilities and prioritized talent acquisition in high-potential lines and geographies where gaps existed.  Continued diverse value-added contributions by retaining key client relationships and developing new business.  Developed business plan for Cincinnati Re in collaboration with JLT Re analytics team including Igloo capital model overlay.  Transitioned Cincinnati reinsurance account to key team before May 2015 departure. Developed addition of Transactional/M&A reinsurance line of business and produced anchor ACE account treaty.

Philadelphia, Pennsylvania, United States

 Developed overall go-to-market strategy and leadership structure for P&C's $450m global business with direct reports representing business unit leaders in the UK, Canada, Asia, and the Americas. Played a key role in the acquisition and integration of London-based EMB Consultancy, a leading property and casualty consultancy and software company.  Continued to operate as CRM on a $10m+ portfolio of treaty reinsurance while pursuing the build-out of Florida Reinsurance practice.

Philadelphia, Pennsylvania, United States

 Conceived and developed a business plan to build Florida reinsurance broking and analytics operation, identified, recruited, and led key team members to win accounts before June 2008 renewals. Practice generated over $14 million in revenue by 2014.  Lead business negotiator for London-based Denis M. Clayton & Company acquisition. The most significant deal to date led to placement on Denis M. Clayton's board.  Acquired Classic Solutions, an Australian actuarial software company. Elevated the company’s technology profile and enhanced software capabilities with business planning, asset-liability risk analysis, and innovative product pricing. Revived ailing A&H reinsurance and insurance broking operations. Restructured and downsized A&H, restoring profitability and growing insurance broking to a $10m profitable operation.  Differentiated company’s offerings and elevated brand by co-leading reinsurance brokerage capabilities with additional analytics and team members from TP’s Tillinghast consultancy, winning key accounts by adding robust capital modeling and ERM services.  Restructured and aligned reinsurance broking teams in the US, emphasizing one P&L group to facilitate delivering top talent to clients and prospects across geographies.

Philadelphia, Pennsylvania, United States

 Lead business negotiator for London-based Denis M. Clayton & Company acquisition. The most significant deal to date led to placement on Denis M. Clayton's board.  Acquired Classic Solutions, an Australian actuarial software company. Elevated the company’s technology profile and enhanced software capabilities with business planning, asset-liability risk analysis, and innovative product pricing. Revived ailing A&H reinsurance and insurance broking operations. Restructured and downsized A&H, restoring profitability and growing insurance broking to a $10m profitable operation. Continued to operate as CRM and producer on a $5 - 8m portfolio of treaty reinsurance while working in corporate business development (M&A and Alliances).

Philadelphia, Pennsylvania, United States

This experience was at predecessor company Towers Perrin. Rapidly progressed from Associate Broker starting in 1994 to Vice President Reinsurance Broking by 1998 and Principal in January 2000.