AIRROC's The Legacy Life

We’re back for Season 3 of AIRROC’s the Legacy Life! This week we’re talking to a NextGen rising star, Megan Kuzniewski. Megan works for Enstar Group as an AVP and legal counsel in M&A Corporate Development. Megan started her career as outside counsel for insurance companies. She decided to go in house at Enstar about a year ago. Megan talks about what she loves about her job and how supportive other professionals in the industry have been. She also discusses the opportunities for growth and career development for young professionals that she sees in the legacy space.

This podcast is brought to you by AIRROC, the only US-based non-profit association focusing on the legacy sector of the insurance and reinsurance industries. AIRROC serves the industry by providing education, networking, information and data. Learn more about what we do at AIRROC.org or https://airroc.memberclicks.net/
Find more information about AIRROC NextGen at NextGen Task Force (memberclicks.net).
You can also follow us on LinkedIn at https://www.linkedin.com/company/airroc-update/ and https://www.linkedin.com/company/airroc-nextgen-task-force/

In our season finale, Ed Hochberg, Head of Global Risk Solutions at Guy Carpenter, stops by to discuss his legacy career and his thoughts on why broking firms have been successful at attracting and retaining young talent. "I think that we offer a pretty wide variety of things to get involved with,” he says. He notes that providing challenging and rewarding work to young professionals, as well as putting young professionals in positions where they can really learn the business, has helped with retention. “Money only gets you so far. It’s important, but people have to want to come to work every day, and I think we’ve done a good job with that as a business.”

This podcast is brought to you by AIRROC, the only US-based non-profit association focusing on the legacy sector of the insurance and reinsurance industries. AIRROC serves the industry by providing education, networking, information and data. Learn more about what we do at AIRROC.org or https://airroc.memberclicks.net/
Find more information about AIRROC NextGen at NextGen Task Force (memberclicks.net).
You can also follow us on LinkedIn at https://www.linkedin.com/company/airroc-update/ and https://www.linkedin.com/company/airroc-nextgen-task-force/

We are joined by Paul Ginnett, CEO of Allianz Reinsurance America, in this week’s episode of AIRROC’s The Legacy Life.

Like so many of us, Paul fell into insurance. “After I got out of college, I was, like many graduates, I was in need of a job quickly. The week I graduated also coincided with the birth of my daughter, and so that was extra motivation to get to work,” he laughs. That was nearly 35 years ago. He found a job at a TPA and gradually worked his way up. The rest is history.

Looking back at his career, Paul reflects fondly on his time as a field adjuster. He particularly enjoyed meeting with policyholders who were entrepreneurs or small business owners. “I really liked liability claims that came out of small businesses. To me, it was just fascinating... You would meet with entrepreneurs. You’d meet with small business people, and they were involved in these...very interesting things.” He recalls being fascinated by the different types of businesses he encountered and that he enjoyed interacting with such creative people.

Tune in to this week’s episode to learn more!

This podcast is brought to you by AIRROC, the only US-based non-profit association focusing on the legacy sector of the insurance and reinsurance industries. AIRROC serves the industry by providing education, networking, information and data. Learn more about what we do at AIRROC.org or https://airroc.memberclicks.net/
Find more information about AIRROC NextGen at NextGen Task Force (memberclicks.net).
You can also follow us on LinkedIn at https://www.linkedin.com/company/airroc-update/ and https://www.linkedin.com/company/airroc-nextgen-task-force/

Tom Hodson, President and General Counsel of Genesis Legacy Solutions, LLC, joins us for this episode of The Legacy Life. Tom grew up in a family of reinsurance brokers (G.L. Hodson & Son, anyone?) and has spent much of his career as an insurance/reinsurance regulatory attorney. However, these days, he finds himself doing a lot of marketing. A few years ago, Tom and several of his colleagues set up Genesis Legacy Solutions, an entity that focuses on runoff solutions for small insurance companies, captives and risk retention groups. He has been working hard to grow the business ever since.

When it comes to getting young professionals interested in insurance careers, he notes that the insurance industry could do a better job advertising the exciting opportunities posed by the alternative risk marketplace. “In the alternative risk marketplace, like captives, like risk retentions groups... There’s a lot of creativity that’s happening... It’s an interesting concept trying to solve problems that business people have,” he says. “There are other risks that businesses face on a daily basis that need innovative solutions.”

This podcast is brought to you by AIRROC, the only US-based non-profit association focusing on the legacy sector of the insurance and reinsurance industries. AIRROC serves the industry by providing education, networking, information and data. Learn more about what we do at AIRROC.org or https://airroc.memberclicks.net/
Find more information about AIRROC NextGen at NextGen Task Force (memberclicks.net).
You can also follow us on LinkedIn at https://www.linkedin.com/company/airroc-update/ and https://www.linkedin.com/company/airroc-nextgen-task-force/

We have not one but two guests this week: Marty Rosemann, Head of Transaction and Legacy Management, and David Presley, Senior Legacy Origination Manager, both from Swiss Re. Like many of our guests, both started their careers as lawyers and through pure happenstance shifted into legacy reinsurance over time. “We all start there,” David says of the legal profession, “but we end in legacy.”

Working in insurance and reinsurance has led them to different places and exposed them to other cultures they would not have experienced in other careers. “[W]e need to brand ourselves as an industry better, so that people see this as a ‘glamor’ career, not a ‘sit in your cube’ kind of career,” Marty says after reflecting on his time in London and working with his team in South Africa. “I think we do need to be more present as an industry at college campuses, talking about what we do...”

But getting the next generation interested in insurance and reinsurance careers in college might not be enough. “I think we’ve got to think about retention, right? So now, once we get the young people in, how to we keep them?” David asks, noting that there are a lot of opportunities out there for young people today. “[T]he bottom line is, when we go to things like conferences or we’re having these meetings... It’s incumbent upon us to actually bring along the next generation.”

This podcast is brought to you by AIRROC, the only US-based non-profit association focusing on the legacy sector of the insurance and reinsurance industries. AIRROC serves the industry by providing education, networking, information and data. Learn more about what we do at AIRROC.org or https://airroc.memberclicks.net/
Find more information about AIRROC NextGen at NextGen Task Force (memberclicks.net).
You can also follow us on LinkedIn at https://www.linkedin.com/company/airroc-update/ and https://www.linkedin.com/company/airroc-nextgen-task-force/