John Butler: Insurance for How the World Really Works | TRP #149

John Butler joins us to unpack his journey from the Lloyd’s market to launching digital-first MGAs. We explore the evolution of reinsurance, embedded insurance opportunities, and why starting from scratch can be a superpower in today’s market. A must-listen for anyone eyeing innovation in the reinsurance space.EPISODE LINKS:John's LinkedIn: https://www.linkedin.com/in/john-butler-4bb60514/Cohen & Company: https://cohenandcompany.com/CONNECT WITH US:Say Hello: ⁠[email protected]⁠Website: ⁠https://www.supercede.com⁠ LinkedIn: https://www.linkedin.com/company/supercedehq X: ⁠https://twitter.com/SupercedeHQ⁠ YouTube:⁠ ⁠⁠https://www.youtube.com/@SupercedeHQ⁠ RSS Feed: ⁠https://anchor.fm/s/7e741c8c/podcast/rss⁠ OUTLINE & TIMESTAMPS:(00:00) Intro(00:15) Meet John Butler(01:01) Falling Into Insurance(02:00) Early Career in Marine & Energy(03:00) Moving Into Specialty Lines(04:01) Small Syndicates & Big Learnings(05:00) Becoming a Reinsurance Buyer(06:02) Reinsurance Structures & Strategy(07:01) Starting at Charles Taylor(08:00) Why He Left Lloyd’s Behind(09:00) Challenges of Modernising Insurance(10:02) Building from Scratch at MIC Global(11:00) The MGA Model: Then vs Now(12:01) Risk Appetite & Underwriting Innovation(13:00) Embedded Insurance & Digital Products(14:02) Scaling the MGA: Operational Realities(15:00) Talent, Tech, and Team Building(16:01) Legacy Markets vs Startup Culture(17:02) Looking Ahead: Reinsurance in a Digital World(18:00) Final Thoughts & CloseDISCLOSURE:Cohen & Company Asset Management, a business segment within Cohen & Company, LLC, the main operating subsidiary of Cohen & Company Inc. (NYSE American: COHN). Cohen & Company Asset Management’s business is conducted through Cohen & Company Financial Management, LLC, Dekania Capital Management, LLC, and Cohen & Company Financial (Europe) S.A., each majority, indirectly owned subsidiaries of Cohen & Company Inc. (collectively “Cohen & Company”). The views and opinions expressed herein are those of the speaker and do not necessarily reflect the views of Cohen & Company, its affiliates or its employees. This podcast is solely for information purposes and does not constitute an offer or solicitation of an offer or any advice or recommendation to purchase any securities or other financial instruments and may not be construed as such. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Diversification does not eliminate the risk of experiencing investment losses. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission from Cohen & Company.