“We have a team that you would normally put into a $50, $100 billion insurance operation running a, you know, not quite $2 billion capital insurance company.”

In Good Company with Nicolai Tangen · Bill Ackman: Concentrated Investing, Permanent Capital, and the Value of Being Challenged

Play from 30:12
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What was described

built a $2 billion specialty insurance operation staffed with former Arch Capital, AIG, and other top insurance executives

$2 billion capital insurance company

Said nearby on the same subject

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Stuart Weems
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“Wage insurance… you lose your job and then you have to go to a lower wage job… that to me is a good use of wage insurance”
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Kathryn Anne Edwards
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Why it worked Share this moment
“What we do, and when we buy your house subject to, is we will get a brand new insurance policy and add you as an additional insured to make sure you're covered in case a tornado, a fire, an earthquake happens, et cetera.”
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Chris Monroe
Future Cash Flow Conversations ·
Why it worked Share this moment
“We put your 4 million into an income annuity… we put it into a life insurance policy, put the life insurance policy into an irrevocable life insurance trust… 12 million free of taxation to his children”
♫
Said on Entrepreneurs on Fire
How they work $4 million initial IRA; projected $12 million tax-free benefit to heir… Share this moment

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