Season 2, Episode 3: Joel Cavaness
In this episode, Joel Cavaness expresses his love of the insurance industry, he describes it as cool, exciting, and fun. Sharing stories from insuring the King Tut exhibit, to the Sears Tower, and how insurers have to be creative. He also optimistically shares that there is nothing you can't insure.
I love the creativity. I love the ability to match risk with the proper risk taker and the proper price, hopefully on the proper terms. Our ability on the inside to have the freedom of rate and form. I think it's just an exciting place. So we kind of say there's really nothing that you can't insure because of the marketplace and the appetite and people's willingness to be open and listen to the situation at hand.
Joel Cavaness, President of Risk Placement Services:
Since 1997, Joel D. Cavaness has served as President of Risk Placement Services (RPS). After cofounding RPS as a scratch operation, he has been instrumental in driving its rapid growth to become one of the largest wholesale brokers, managing general agents and program administrators, and the largest MGA/Lloyd’s Coverholder in the U.S.
From RPS’s home office in Rolling Meadows, Illinois, Joel currently leads a team of nearly 3,000 professionals, and is an advocate of corporate social responsibility, supporting and promoting the team’s involvement in a variety of fundraisers and volunteer initiatives, and recruiting talent into our industry.
Joel is an active champion for this industry, serving for over 10 years on the board of directors for the Wholesale & Specialty Insurance Association (WSIA), and held the Board President seat for the 2019-2020 term.
Joel has been recognized as Reactions North America Insurance Broking CEO of the Year, Insurance Business America Global 100 and Insurance Business America Hall of Fame, among other honors.
A graduate of Southeast Missouri State University with a B.S. in Business Administration, Joel additionally holds Chartered Property Casualty Underwriter (CPCU) and Associate in Risk Management (ARM) designations.
Editor's Bio: Meg Green
Meg Green, our managing editor, is a former daily newspaper journalist who joined Insider Engage in 2021 after a storied 23-year career with AM Best. Since joining AM Best in 1998, she has covered nearly every facet of the insurance industry - and is still learning every day!
After two decades in print, Meg spent the last decade focusing on video story telling and enjoys speaking to the brightest minds in the industry about the opportunities ahead. Meg was thrilled to join the Insurance Insider family to take the helm of the newly launched Insider Engage - think of it as the multimedia Sunday magazine to the Insider's breaking news.