knsl-20211021
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of report (Date of earliest event reported): October 21, 2021
KINSALE CAPITAL GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware
001-3784898-0664337
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
2035 Maywill Street
Suite 100
Richmond, Virginia 23230
(Address of principal executive offices, including zip code)
(804) 289-1300
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.01KNSLNasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 7.01 Regulation FD Disclosure.
On October 21, 2021, Kinsale Capital Group, Inc. (the "Company") will hold an Investor Day at the Company’s headquarters in Richmond, Virginia. A copy of the slide presentation is attached to this Current Report on Form 8-K as Exhibit 99.1. These materials will also be available on the Company’s website on the Investor Relations page of the Company's website: www.kinsalecapitalgroup.com..
The information in this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that Section. Furthermore, the information in Item 7.01 of this report shall not be deemed incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended.

Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.Description
104Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Kinsale Capital Group, Inc.
Dated: October 21, 2021By:/s/ Bryan P. Petrucelli
Bryan P. Petrucelli
Executive Vice President, Chief Financial Officer and Treasurer

a102121investordaypresen


 
CLAIMS Mark Beachy


 
OUR BUSINESS Severity driven Complex multi-party litigation Litigious/liberal jurisdictions Multi-faceted coverage forms Aggressive plaintiff bar


 
THE FOUR P’S People Processes Payout Principles • Specialized training • Deep expertise • Strategic staffing • Claim triage • Data advantage • Teamwork • Responsiveness • Partnerships • Resolution focused • Data & analytics • Pay what we owe


 
OUR PEOPLE 49 Employees 45% of Liability Examiners have JD 6 Former Paralegals Average of 14 Years Industry Experience


 
SPECIALIZATION BY LINES Casualty Lines Professional Lines Property Lines • Construction • General Casualty • Small Business • Energy • Environmental • Life Sciences • Products Liability • Excess Casualty • Aspera – Commercial • Professional Liability • Health Care • Allied Health • Management Liability • Public Entity • Aspera – Personal • Inland Marine • Commercial Property (Primary & Excess)


 
PAYOUT Span of control. Limited reserve & settlement authority. Management approval on coverage & payment matters.Pay what we owe. Nothing more, nothing less.


 
PAYOUT: SHORTENING THE CLAIM CYCLE RESOLUTION FOCUSED Claims Investigation/ Evaluation Time to Resolve Litigation End to end thinking – understand & be confident about the coverage & value of the claim • Fair & prompt settlement • Disputed & denied claims • Settlements, dispositive motions & voluntary dismissal • Trial


 
PROCESSES: CLAIMS TRIAGE DEEP EXPERTISE THROUGH SPECIALIZATION Construction Defect Right Touch Coverage • Continuous & ongoing damage over multiple policy periods • Organized by states • High volume, lower severity property damage claims • Speed & efficiency reduces claim cycle • In-house experts on coverage & forms • Advice & counsel on jurisdictional nuances


 
PRINCIPLES Teamwork Timeliness Responsiveness Reward the Doers Unparallel Partnerships


 
INFORMATION TECHNOLOGY Diane Schnupp


 
Technology is a core competency for efficiency, accuracy, service, and data Efficiency Accuracy Service Data KINSALE CORE COMPETENCY Technology is a core competency for:


 
IT STRATEGY Develop our core systems as a value-added business differentiator Hire and retain top talent Enable smart company growth


 
• Purposeful, planned guidelines • High level • Cross team alignment • Foundational enablers Source: SAFe | Scaled Agile Framework • Quickly evolving architecture • Self-organized team • Incremental approach Intentional Architecture Emergent Design Reconcile INNOVATION ACCELERATED


 
Auto- Populate 3rd Party Data Workflow Automation Increase & Automate Channels Bind & issue policy Receive a submission Triage & assess risk Price the risk & quote Broker input & approval UNDERWRITING OPPORTUNITIES


 
Investigate Claim & Coverage Auto- Populate 3rd Party Data Letter Templates Workflow Automation Manage & Resolve Claim Receive Loss Notice Triage Claim Decision Claim & Notify Claimant CLAIMS OPPORTUNITIES


 
Corporate Business & IT Strategies EA Strategic Business Imperatives Business Domains & Architecture Enterprise Architecture Technology Ecosystem TARGET STATE APPROACH


 
UNDERWRITING Brian Haney


 
Life Sciences Environmental UNDERWRITING PropertyProfessional Lines Specialty Casualty CasualtyUnderwriting Operations Aspera


 
STATE OF THE MARKET


 
OUR APPROACH 100% Excess & Surplus Lines Small-to-Medium Sized Risks Individual Risk Underwriting Superior Systems & Data Significant Expense Ratio Advantage Subject Matter Experts


 
HOW WE ARE DIFFERENT Rewarding the Doers No Delegated Underwriting One Location, in Person Contrarian Underwriting Tailored Coverage


 
AREAS OF FOCUS Customer Service Product Development Using Technology to Boost Productivity Training & Development


 
CASUALTY Stuart Winston


 
CASUALTY $0 $100,000,000 $200,000,000 $300,000,000 $400,000,000 $500,000,000 $600,000,000 2018 2019 2020 Kinsale Casualty Construction 31% Small Business 31% General Casualty 10% Excess Casualty 28% 2020 YEAR-END CASUALTY GROSS WRITTEN PREMIUM BY DIVISION YEAR-END GROSS WRITTEN PREMIUM


 
CONSTRUCTION $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 $90,000,000 $100,000,000 2018 2019 2020 $50.9M GWP $71.0M GWP $87.2M GWP YEAR-END GROSS WRITTEN PREMIUM


 
CONSTRUCTION TOP CLASSES Painting Contractors Fire Protection Services Carpentry Contractors Roofing Contractors Residential & Commercial Subcontractors


 
GENERAL CASUALTY $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 $35,000,000 2018 2019 2020 $17.6M GWP $23.3M GWP $29.2M GWP YEAR-END GROSS WRITTEN PREMIUM


 
GENERAL CASUALTY TOP CLASSES Mobile Home Parks Amusement Parks Security Agencies Apartments Condominiums/Townhome Associations


 
SMALL BUSINESS $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 $90,000,000 2018 2019 2020 $63.2M GWP $44.4M GWP $83.3M GWP YEAR-END GROSS WRITTEN PREMIUM


 
SMALL BUSINESS CONSTRUCTION TOP CLASSES Stucco/Plastering Contractors Plumbing Contractors Roofing Contractors Carpentry Contractors Subcontractors


 
SMALL BUSINESS GENERAL CASUALTY TOP CLASSES Warehouses/Office Buildings Apartments Commercial Properties (Lessors Risk Only) Real Estate Development Property Truckers General Liability


 
EXCESS CASUALTY $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 $90,000,000 2018 2019 2020 $76.7M GWP YEAR-END GROSS WRITTEN PREMIUM $37.4M GWP $51.2M GWP


 
EXCESS CASUALTY TOP CLASSES Emerging Products Roofing Contractors Subcontractors Apartments Security Guards


 
CASUALTY MARKET OPPORTUNITIES CONSTRUCTION DIVISION • Tightening in residential construction market. • Dislocation in construction defect states. • Increased exposures due to inflation in labor charges & material costs. SMALL BUSINESS DIVISION • Carriers are pulling out of certain states. • Contract binding markets are tightening appetites. • Tightening in various general casualty segments. GENERAL CASUALTY DIVISION • Non-renewals or sizable rate increases from many of our competitors. • Entertainment market has lost multiple programs in the last year. • Competition from delegated authority/binding markets. EXCESS CASUALTY DIVISION • Capacity being cut by competition. • Increased layering opportunities. • Shifts in the habitational market.


 
INNOVATION New Products New Processes 3rd Party Data DRIVING CULTURE, GROWTH, AND PROFITABILITY


 
PROPERTY Ashlee Randall, CPCU, ASLI, AU, AIS


 
WHAT MAKES UP PROPERTY? WHAT MAKES KINSALE’S PROPERTY SEGMENT DIFFERENT? Inland Marine Small Property Commercial Property


 
MARKET TRENDS CAPACITY • Capacity is being restricted, deductibles increased, and coverage reduced • Capital is still robust • Increasing reinsurance costs VALUES • Undervalued buildings • Shortage of building materials and labor • Inflation UNDERSTANDING THE PROPERTY MARKET


 
MARKET TRENDS PERILS/CATASTROPHE • CAT exposed properties are seeing double digit renewal increases. • Unexpected perils: • Wildfire • Riots • Freezing • Reaction to large area specific events: • Southeast windstorms • Florida condo collapse UNDERSTANDING THE PROPERTY MARKET


 
MANAGING TRENDS Leverage data • Modeling • Peril tracking Focus on where we excel • Small • Tough to place • Individual account underwriting • Technology Aggregate management • Managing locations • Diversification Understand your exposure • Pictures • Valuations


 
COMMERCIAL PROPERTY $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 2018 2019 2020 $29.1M GWP $51.8M GWP $9.2M GWP YEAR-END GROSS WRITTEN PREMIUM


 
COMMERCIAL PROPERTY OFFERINGS ExcessPrimaryGround up


 
COMMERCIAL PROPERTY Everyone offers these coverages, how do we stand apart?


 
COMMERCIAL PROPERTY HABITATIONAL INDUSTRIAL WOOD PRODUCTS RETAIL & REAL ESTATE BROAD APPETITE GOVERNMENT SERVICES FOOD/ANIMAL PROCESSING WAREHOUSING


 
COMMERCIAL PROPERTY MIX & MATCH COVERAGES FIRE (ALL OTHER PERILS) WINDSTORM EARTHQUAKE/ EARTH MOVEMENT FLOOD


 
COMMERCIAL PROPERTY Targeting the Tough Accounts Technology Customer Service Market Opportunity


 
SMALL PROPERTY MISSING PIECE Quoting the property piece alongside our small account focused casualty units. QUICK TURN AROUND We’re able to provide brokers the fast service they’ve become accustomed to from Kinsale. PREVIOUS EXPERIENCE Focusing on small accounts where Kinsale excels


 
SMALL PROPERTY APPETITE Even on the small accounts we are still targeting the tough to place risks! • Up to $2.5M Total Insured Value • Ground-up Light Manufacturing Vacant Buildings Retail Healthcare Facilities


 
INLAND MARINE $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 2018 2019 2020 $3.5M GWP $6.9M GWP $2.0M GWP YEAR-END GROSS WRITTEN PREMIUM


 
INLAND MARINE TOP CLASSES Contractors Equipment Builder’s RiskMotor Truck Cargo


 
INLAND MARINE • Our most diversified division with multiple lines of coverage available. • Fast response time – fast quotes, fast responses. • Crafting coverage to each insured. • Not afraid of accounts with losses or in tough jurisdictions. THE DIFFERENCE


 
KINSALE PROPERTY THE DIFFERENCE Technology Customer Service Tough Risks Small Accounts


 
SPECIALTY CASUALTY Brendan McMorrow


 
SPECIALTY CASUALTY Energy Environmental Life Sciences Products Liability DIVISIONS


 
SPECIALTY CASUALTY $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 $90,000,000 $100,000,000 2018 2019 2020 YEAR-END GROSS WRITTEN PREMIUM $52.3M GWP $64.7M GWP $94.9M GWP


 
PRODUCTS LIABILITY DIVISION IMPORTERS, DISTRIBUTORS, MANUFACTURERS OF CONSUMER & INDUSTRIAL PRODUCTS Consumer Electronics Machinery & Equipment Firearms Recreational & Sporting Goods Emerging Products


 
PRODUCTS LIABILITY DIVISION $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 $35,000,000 $40,000,000 $45,000,000 2018 2019 2020 $20.0M GWP $26.3M GWP $38.3M GWP YEAR-END GROSS WRITTEN PREMIUM


 
LIFE SCIENCES DIVISION MEDICAL PRODUCT MANUFACTURERS, DISTRIBUTORS, WHOLESALERS Dietary Supplements Durable Medical Equipment & Devices Health & Beauty Products Biologics Pharmaceuticals


 
LIFE SCIENCES DIVISION $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 $35,000,000 2018 2019 2020 YEAR-END GROSS WRITTEN PREMIUM $14.5M GWP $17.8M GWP $31.0M GWP


 
ENERGY DIVISION OIL & GAS, RENEWABLE ENERGY, MINING & POWER Oil & Gas Service Contractors Manufacturers Pipeline Owners & Operators Power Distribution Energy Exploration & Production


 
ENERGY DIVISION YEAR-END GROSS WRITTEN PREMIUM PRIMARY COVERAGE ONLY $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000 2018 2019 2020 $15.6M GWP $15.4M GWP $17.0M GWP


 
ENVIRONMENTAL DIVISION OPERATIONS OR PRODUCTS THAT MAY IMPACT THE ENVIRONMENT Waterproofing Contractors Lead/Asbestos Abatements Mold Remediation Disaster Response Contractors


 
ENVIRONMENTAL DIVISION $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 2018 2019 2020 YEAR-END GROSS WRITTEN PREMIUM $2.2M GWP $5.2M GWP $8.6M GWP


 
SPECIALTY CASUALTY • Small accounts • Programs closing • Excess capacity reductions PRODUCTS DIVISION • Emerging products • Firearms LIFE SCIENCES DIVISION • Virus test kits • Personal protective equipment ENVIRONMENTAL DIVISION • Disinfectant contractors • Waterproofing contractors ENERGY DIVISION • Renewable energy • New ventures STATE OF THE MARKET & OPPORTUNITIES


 
PROFESSIONAL LINES Pat Dalton


 
PROFESSIONAL LINES DIVISIONS Allied Health Health Care Professional Liability Public Entity Management Liability


 
Allied Health 38% Health Care 8% Management Liability 24% Public Entity 3% Professional Liability 27% 2020 YEAR-END PROFESSIONAL LINES GROSS WRITTEN PREMIUM BY DIVISION PROFESSIONAL LINES


 
PROFESSIONAL LINES $0 $20,000,000 $40,000,000 $60,000,000 $80,000,000 $100,000,000 $120,000,000 2018 2019 2020 $48.6M GWP $65.4M GWP $99.3M GWP YEAR-END GROSS WRITTEN PREMIUM


 
ALLIED HEALTH TEAM, COVERAGES & APPETITE Outpatient Medical Facilities Social Service Agencies Residential Care Facilities • 14 member team • General Liability & Professional Liability


 
ALLIED HEALTH $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 $35,000,000 $40,000,000 2018 2019 2020 $16.8M GWP $24.0M GWP $37.6M GWP YEAR-END GROSS WRITTEN PREMIUM


 
HEALTH CARE TEAM, COVERAGES & APPETITE • 6 member team • Professional Liability for Medical Malpractice exposures Dentists Mid-Level Providers Physicians & Surgeons Group Practitioners


 
HEALTH CARE $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 2018 2019 2020 $6.0M GWP$5.7M GWP $7.7M GWP YEAR-END GROSS WRITTEN PREMIUM


 
PROFESSIONAL LIABILITY TEAM, COVERAGES & APPETITE Lawyers Architects & Engineers Insurance Agents Accountants • 10 member team • Errors & Omissions coverage for non- medical professionals


 
PROFESSIONAL LIABILTIY $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 2018 2019 2020 $16.7M GWP $20.0M GWP YEAR-END GROSS WRITTEN PREMIUM $27.0M GWP


 
MANAGEMENT LIABILITY TEAM, COVERAGES & APPETITE Construction Firms Bars, Taverns & Restaurants Manufacturing Operations Law Firms • 7 member team • Employment Practices Liability (EPL) • Directors & Officers – private & nonprofit (D&O) • Educators Legal Liability


 
MANAGEMENT LIABILITY $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 2018 2019 2020 $8.2M GWP $14.8M GWP $24.1M GWP YEAR-END GROSS WRITTEN PREMIUM


 
PUBLIC ENTITY TEAM, COVERAGES & APPETITE Police Departments Public Schools Colleges & Universities Governing Authorities • 2 member team • Public Officials with Employment Practices Liability • Educator’s Legal Liability • Law Enforcement Liability


 
PUBLIC ENTITY $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 2018 2019 2020 $0.6M GWP $1.2M GWP $3.0M GWP YEAR-END GROSS WRITTEN PREMIUM


 
PROFESSIONAL LINES STATE OF THE MARKET & OPPORTUNITIES ALLIED HEALTH • Aging society • We are NOW in the game • Taking more shots HEALTH CARE • Competitors are pulling back • Firming market • Opportunistic with tight terms and fair premium PROFESSIONAL LIABILITY • Market capacity unchanged • Quote where it fits the appetite MANAGEMENT LIABILITY • Hardening Market • Growing EPL opportunities within the restaurant/ hospitality space PUBLIC ENTITY • Reduced capacity • Target specific brokerages