Nick Readings

Executive Chairman

Nick Readings has been in the insurance industry for over 40 years in most roles encompassing specialist consulting, underwriting and latterly broking.  The current focus is the operation of the group’s insurance carriers in run off and, in the live sector, the international delivery of MGA and broker services to clients.

He qualified as a chartered accountant in a specialist West End accountancy practice and, after gathering other experience within the accounting profession, he joined a major Lloyd’s broker to manage their relationships and their business relating to Pool insurance companies. He has held a number of other insurance appointments including the Lloyd’s Market where roles included reserving and the development of in house systems capability, followed by consultancy work including a major part in the Equitas project.

Having been involved in discontinued portfolios since 1991, he continues to support this aspect of the business but is more recently focused on service support of both underwriters and brokers together with the introduction of new capital to the market.  Whilst spending 20 years dealing with industry problems (run-off/closures) he now operates as CEO of Independent Broking Solutions Limited (IBS) a commercial London based network for international insurance specialists.  Within this role design of solutions both corporate and insurance placements are delivered to the clients of IBS and the parallel operation in the Coverholder/program arena MGA Capital Limited.