This week’s podcast is a great encounter with a UK MGA pioneer at the top of his game.
Colin Thompson is the CEO of Nexus Group, a firm he founded in London 13 years ago.
That business is projecting punchy organic growth of a third this year to $600mn in premiums written.
It is also on the hunt for ever larger acquisitions and is looking to back some of its own underwriting with a risk-bearing entity to show its paper providers that it has real skin in the game.
During our chat Colin also confirms that Nexus will be selling its trade credit broking arm to focus exclusively on underwriting.
We cover a huge amount of ground here and a lot is revealed about the next strategic direction for what is almost certainly London’s fastest-growing MGA business of scale.
We also learn a lot about what makes the entrepreneur driving its growth tick.
LINKS:
We thank our naming sponsor AdvantageGo - enabling an enterprise view of exposure:
https://www.advantagego.com/
We also thank Claims Direct Access (CDA) for their support today:
https://www.claimsdirectaccess.com/
Ep129 Waleed Jabsheh President IGI: A Good Company is a Good Company
Ep128 Miles Wuller of Ryan Specialty Underwriting Managers: Enabling Masters of their trade
Ep 127 Mike Reynolds CEO Oneglobal Broking: Organic builds take longer
Ep126 Jonathan Zaffino President, Ascot Group: We don’t believe in big bets
Ep 125 Jonathan Turner CEO of Gallagher Specialty UK - Every insurer is talking about growth
Ep 124 Tom Hoad Head of Innovation TMK: Innovation is really about doing stuff
Ep 123 Ryan Mather CEO Ariel Re: Meet the New Guard
Ep 122 Dan Trueman: The only way to be in Cyber is to be an expert
Ep 121 Johan Slabbert CEO MS Amlin: Sustainable profit before growth
Special Episode. The Data Council: Standards, not Systems
Ep 120 Michael Millette: The best market opportunities for 20 years
Special Episode: Being everywhere multiple times a day with Stephen Lathrope, Global Head of Insurance, ICEYE
Ep 119 Scott Purviance CEO AmWins: A Market built for Creativity and Response
Ep 118 Vicky Carter: Nurturing the Future of the Industry
Ep 117 Channelling a Raging Torrent of Insurance Innovation: George Beattie, Head of Incubation Underwriting at Beazley and Co-chair of the Lloyd’s Product Launchpad
Ep 116 James Kent Global CEO Gallagher Re: A broker run by brokers
Ep 115 How Parametric will fix Commerial Insurance: Descartes Underwriting
Ep 114 Richard Leftley MIC Global: Where Microinsurance and the Gig Economy meet
Ep 113 How to Build a Crypto Insurer from scratch: Joe Ziolkowski CEO of Relm Insurance
Ep 112 Alastair Swift WTW: We can grow exponentially in Specialty
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