Pen Underwriting’s chief growth officer Nick Wright tackles consolidation within the managing common brokers market, the chance of disintermediation for brokers, and the alternatives from synthetic intelligence.
“They name me the frog kisser,” Wright instructed Insurance coverage Age on the British Insurance coverage Brokers’ Affiliation Convention final week. “You kiss a great deal of frogs and a few of them don’t fairly prove [to be] what you need them to be.”
Wright’s function at Pen consists of mergers and acquisitions.
The Gallagher-owned MGA bought Tay River Holdings in April final yr, adopted by shopping for Norwegian managing common agent Fender Marine in June because it invested in marine specialism.
Previous to that, it snapped up Manchester
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