Neil Mehta

He's like, this is crazy. You've got to get me. The police are like, no, no, you're a suspect now. We've got to take you to the police station. And he's freaking out. He's like, what do you mean? I don't know who this guy is. I don't know what happened. I'm just waiting in my room. There's cameras. You can check. Nope, we're taking you to the police station. And they put him in the back of the car.

He's like, this is crazy. You've got to get me. The police are like, no, no, you're a suspect now. We've got to take you to the police station. And he's freaking out. He's like, what do you mean? I don't know who this guy is. I don't know what happened. I'm just waiting in my room. There's cameras. You can check. Nope, we're taking you to the police station. And they put him in the back of the car.

They tell him he can make a call. Takes out his phone, calls our banker, whose name was Balaji. And Balaji's like, oh, this happens. Yeah. don't worry. How much money do you have on you? He's like, I got $1,000 on me. He's like, that's not enough. You probably need $10,000. Can you get a wire to them in the morning? And he's like, I don't even know how to get a wire. He's like, don't worry.

They tell him he can make a call. Takes out his phone, calls our banker, whose name was Balaji. And Balaji's like, oh, this happens. Yeah. don't worry. How much money do you have on you? He's like, I got $1,000 on me. He's like, that's not enough. You probably need $10,000. Can you get a wire to them in the morning? And he's like, I don't even know how to get a wire. He's like, don't worry.

I'll take care of it. I'll get you out by 5 a.m. Balaji's up all night figuring it out. Banker gets out at 5 or 6 a.m., gets back on the plane back to London right away. So Balaji's like, so I was up all night figuring this out. And we're like, This is where we're flying in like an hour. This is terrifying. And so that was the first time we went out there was hearing this story.

I'll take care of it. I'll get you out by 5 a.m. Balaji's up all night figuring it out. Banker gets out at 5 or 6 a.m., gets back on the plane back to London right away. So Balaji's like, so I was up all night figuring this out. And we're like, This is where we're flying in like an hour. This is terrifying. And so that was the first time we went out there was hearing this story.

It was incredibly fun. We bought 75 to 100% of an insurer out there. We bought 75% of an insurer in Pakistan, which Benny's Jewish. I'm Indian. We're both American. This is the first time I'd gone out to Karachi. He's like, I'm not going. You got to go. And so I was going out there. We were about to close this transaction. And my mom, who's from India, she's crying. She's calling my wife.

It was incredibly fun. We bought 75 to 100% of an insurer out there. We bought 75% of an insurer in Pakistan, which Benny's Jewish. I'm Indian. We're both American. This is the first time I'd gone out to Karachi. He's like, I'm not going. You got to go. And so I was going out there. We were about to close this transaction. And my mom, who's from India, she's crying. She's calling my wife.

She's like, you can't go to Karachi. It's too dangerous. And it was a phenomenal experience. And we had an amazing partner in Pakistan. He did a fabulous job with the business. I have nothing but incredible things to say about him, about the country, about the business there. This is a great story about Rwanda. We bought the leading PNC insurer. We're also one of the largest real estate owners in

She's like, you can't go to Karachi. It's too dangerous. And it was a phenomenal experience. And we had an amazing partner in Pakistan. He did a fabulous job with the business. I have nothing but incredible things to say about him, about the country, about the business there. This is a great story about Rwanda. We bought the leading PNC insurer. We're also one of the largest real estate owners in

of the insured on all this real estate. So we're in Kigali. We buy this business. We're growing it. None of these businesses had great solvency law. I mean, this is like very early in the life cycle of how insurance work in these countries. But our view was, if you read about Rwanda, it's like the Singapore of Africa. We get on the ground. Our insurance team's there. This business is terrible.

of the insured on all this real estate. So we're in Kigali. We buy this business. We're growing it. None of these businesses had great solvency law. I mean, this is like very early in the life cycle of how insurance work in these countries. But our view was, if you read about Rwanda, it's like the Singapore of Africa. We get on the ground. Our insurance team's there. This business is terrible.

For every dollar of premium we get, we lose $1.80, which in the insurance business, you can't make that up with investment returns. You're in a bad position. And we were the best of all of them. Why is not everyone else bankrupt? I'm like, well, it's a funny thing. Nobody really audits these companies. And as long as you continue to write more premiums the next year, you can make it work.

For every dollar of premium we get, we lose $1.80, which in the insurance business, you can't make that up with investment returns. You're in a bad position. And we were the best of all of them. Why is not everyone else bankrupt? I'm like, well, it's a funny thing. Nobody really audits these companies. And as long as you continue to write more premiums the next year, you can make it work.

I'm like, well, that's not going to work for us. So we decided we might not want to be in this business as we make that decision. We get a claim and the claim is from a wealthy family that has some political connections. And it turns out that someone that we insured died in a car accident. There's a terrible thing. Now there's a pretty systematic way to think about PNC insurance globally.

I'm like, well, that's not going to work for us. So we decided we might not want to be in this business as we make that decision. We get a claim and the claim is from a wealthy family that has some political connections. And it turns out that someone that we insured died in a car accident. There's a terrible thing. Now there's a pretty systematic way to think about PNC insurance globally.

There's a table for how to think about life. I hate to put it that crudely, but that's kind of how it works. And I fly out of Kigali, we got to take care of this claim. It's a big claim. And I'm like, well, we have to prosecute the claim because that's too much. That's outside of the table for how to think about the value of this accident. So we go to court.

There's a table for how to think about life. I hate to put it that crudely, but that's kind of how it works. And I fly out of Kigali, we got to take care of this claim. It's a big claim. And I'm like, well, we have to prosecute the claim because that's too much. That's outside of the table for how to think about the value of this accident. So we go to court.

The guy that shows up as the defendant in the claim, it's not the lawyer for the claimant. It's the claimant that died in the car accident. And we're like, I mean, case closed. The guy's right there. This is all done. And lo and behold, there's this performative jury that's like, ah, you know, this is out of bizarro world. This is crazy.

The guy that shows up as the defendant in the claim, it's not the lawyer for the claimant. It's the claimant that died in the car accident. And we're like, I mean, case closed. The guy's right there. This is all done. And lo and behold, there's this performative jury that's like, ah, you know, this is out of bizarro world. This is crazy.