Ross Buchmueller's Insurance Disruption

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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This week on our Masters in Business podcast, we speak with Ross Buchmueller, president and chief executive officer of Privilege Underwriters Reciprocal Exchange, which sells insurance to high net-worth individuals and families.

Buchmueller started at Chubb and later worked at American International Group before he realized that the industry needed a dose of disruption. Too many insurers operate as if they're a monopoly, which he said provided an opening for an insurer that emphasized transparency via mutual ownership.

You can stream the full podcast below, or download it on iTunesSoundcloud orBloomberg. All of our earlier podcasts are at iTunesSoundcloud and Bloomberg.

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To contact the author of this story:
Barry Ritholtz at britholtz3@bloomberg.net

To contact the editor responsible for this story:
James Greiff at jgreiff@bloomberg.net