An economic recession. A highly competitive property and casualty insurance market. A lawsuit from a competitor and our CEO's former employer. Kinsale Insurance has managed its way through these and lots of other challenges in its first year as it worked to establish itself as a go-to market for hard-to-place E&S accounts.
But by far the company's biggest challenge and success to date has been recruiting the 50 experienced and motivated employees who today make up our team.
In late 2009 and early 2010, prospective Kinsale employees faced a tough choice—to stay with an established firm or quit their jobs and take a chance on a new company with no A.M. Best rating, limited capital, no policy- or claims-processing system, no regulatory approval and few employees.
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