ROCKLINC Investment Partners Inc. on Kinsale Capital Group Inc.
Thesis
ROCKLINC identifies Kinsale as a specialty-insurance holding benefiting from a favorable insurance pricing environment. The manager points to disciplined underwriting as an important foundation of profitability for specialty insurers. Together with a quality balance sheet and pricing power, those characteristics fit its preferred model of defensive businesses with resilient returns. Kinsale is included among the major industrial and insurance holdings discussed for the quarter.
“Specialty insurers (e.g., Kinsale, Trisura) operated in a favorable pricing and disciplined underwriting environment.”