WE DO THINGS DIFFERENTLY

The first AI-native insurance company

DryStone’s proprietary claims model creates a significant cost advantage and lower combined ratios

WE DO THINGS DIFFERENTLY

The first AI-native insurance company

DryStone’s proprietary claims model creates a significant cost advantage and lower combined ratios

Pioneering a fast pay model in the insurance industry

Expenses have been cut in half, and claim cycle time has been reduced by 58 percent, dropping from 79 days to 33 days

Real-Time Transparency

This is the first time in the history of the industry where there is full and real-time transparency into claim handling

DryStone is the only reinsurer to actively manage the entire claims function for every reinsurer in a syndicate supporting MGA programs

An AI Company in the Insurance Space

DryStone’s AI TPA platform uses 500 agents to process claims 45 times faster and is being deployed in every program we reinsure

When Open AI, Anthropic and Google make breakthroughs, our agnostic platform incorporates them seamlessly

Providing Certainty by Fixing ALAE Costs

The claims lifecycle is embedded in the AI-powered platform to reduce Allocated Loss Adjustment Expenses (ALAE) leakage and drive measurable improvements in total claims cost

Management Team

John B. Henry II

Founder and CEO

John has led DryStone for more than two decades and is a noted leader in program business and portfolio transfers. Prior to creating the firm, he was CEO of Crop Genetics International and ran Clean Air Capital Market, an environmental investment bank. John holds degrees from Harvard College and Columbia Law School.

Cloyd Laporte III

Chief Operating Officer

Cloyd joined DryStone as COO in 2002, successfully deploying the claims resolution model. Previously, Cloyd practiced antitrust and commercial litigation law and led several tech start-ups. Cloyd holds degrees from Harvard College and Chicago Law School.

Gregory T. Doyle

President

Greg joined DryStone in 2018 and serves as President & CUO, executing DryStone’s $500m of MGA business. Greg has 40 years of insurance industry experience with a focus on program business. Greg has held senior executive roles at American Re, Guy Carpenter, BMS Group, CastlePoint and Rockhill. Greg holds a degree from Hamilton College.

Rick Weidman

Chief Program Officer

Rick joined DryStone in 2019 and successfully executes the MGA business as Chief Program Officer. Rick has managed programs at Clarendon, CastlePoint and Rockhill. Rick is a founding member of the Target Markets Program Administrators Association and holds degrees from Edinboro University, Eastern University and University of Pennsylvania.

Scott Marks

Chief Financial Officer

Scott joined DryStone in 2025. He is the CFO and Director of AI. Previously, Scott started his career at KPMG and then helped scale MGA American Team Managers and executed private equity sale. Scott holds a CPA license and degrees from Southern Methodist University.