Given its 50% share of global premiums, it’s probably fair enough that we spend an awful lot of our time talking about the US market, but sometimes it’s refreshing to broaden our horizons a little.
So today we’re going to be looking at Australia.
And luckily we’re going to be guided by a real expert and pioneer in this territory. This is someone with an enviable track record and also a very strong grounding in global wholesale insurance.
Simon Lightbody has had a very successful 30-plus year career which started as a broker and then an underwriter in London, but really took off 18 years ago when he helped found Miramar, an Australian MGA backed by the growing Steadfast distribution group.
Steadfast went public ten years ago and these days its MGAs write well over a billion in annual premiums.
After a recent career break Simon is back with Rhodian - a brand-new MGA incubator, set up with support from Amwins.
When someone of Simon’s experience and success starts something new it’s always exciting and a chance to find out what opportunity it is they have seen or what gap in the market they have spotted.
So what follows is an excellent tour around Simon’s big idea and the opportunities available in the Australian and wider Asia-Pacific markets.
Simon’s someone I knew back in my own broking days in the 1990s and I think some of that familiarity comes through in this really friendly and relaxed meeting.
But most importantly this is an encounter with a highly successful entrepreneur who knows the MGA business from top to bottom.
And because of that I think this Episode has an awful lot to offer any listener, whether they have a particular interest in the Australian market or not.
NOTES
APRA is the Australian prudential regulator, the Australian Prudential Regulation Authority.
ASIC is the conduct regulator, the Australian Securities and Investments Commission
LINKS
We thank our naming sponsor AdvantageGo:
https://www.advantagego.com/
Ep 97 Stefan Golling: If we don’t achieve our margins now why should we stay?
Ep 96 Patrick Tiernan Chief of Markets Lloyd‘s of London: A vision bound by logic
Special Episode: New Trillion dollar markets wherever you look. How insurtech can improve climate resilience with Robert Lumley and Stephen Brittain of The Insurtech Gateway
Ep 95 Jean-Paul Conoscente CEO Scor Global P&C: True partnership isn‘t about being accommodating
Ep 94 William Spiegel Executive Chairman R&Q: Prospering as the insurance ecosystem comes apart
Ep 93 Simon Matson of Gallagher and Tom Wakefield of Gallagher Re: A deal made by customers
Ep 92 Andreas Berger Swiss Re Corporate Solutions: Start early and do it quickly
Ep 91 Bob Kimmel CEO of K2 Insurance Services: On the hunt for talent and capacity
Special Episode: What the Polish market wants, with Michał Chmielewski and Tomasz Libront of Smartt Re
Ep 90 Javier San Basilio of Mapfre Re: Not opportunistic by definition
Ep 89 Jeff Radke CEO Accelerant Holdings: Searching for gems & avoiding landmines
Ep 88 Monica Cramer Manhem, President, International Reinsurance SiriusPoint: Using all the tools in the box
Special Episode: The Future of Underwriting with James Slaughter and Silvi Wompa Sinclair
Ep 87 Rod Fox & Rob Bredahl of TigerRisk: Don’t stop me now
Ep 86 Philip Smaje and Marcel Chad of Piiq Risk Partners: Specialty risks need specialty brokers
EP 85 Clive Washbourn CEO Navium: The market is always good
Ep 84 Keith Harrison International CEO Lockton Re: Going head to head with the bigger brokers
Special Episode: State of the Market Roundtable with Greg Hendrick, Marc Adee and Andrew Robinson
Ep 83 The $60bn broker: Olga Collins CEO Worldwide Broker Network (WBN)
Special Episode: The Power of Purpose with Steve Hearn CEO of Corant Global and Delta V Partners
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money