Nick Clements named Brightway Insurance CEO for technology transformation drive.

February 27, 2024
1 min read

TLDR: Brightway Insurance has appointed Nick Clements as CEO, effective March 1, 2024. Clements brings over two decades of experience in fintech and aims to use technology to enhance customer satisfaction and accelerate growth. With over $1.2 billion in gross written premiums in 2023, Brightway looks to leverage Clements’ expertise to attract more customers and franchise owners in the future.

Key Points:

  • Brightway Insurance appoints Nick Clements as CEO, effective March 1, 2024.
  • Clements brings over two decades of experience in fintech and aims to use technology to drive growth.

Brightway Insurance, a US-based personal lines insurance distribution platform, recently announced the appointment of Nick Clements as its Chief Executive Officer. This move comes after the company achieved over $1.2 billion in gross written premiums in 2023 and added over 100 new franchises to its network. Clements, who has experience in building and expanding fintech enterprises, will lead the company in leveraging technology, data, and AI to enhance customer satisfaction and agent productivity.

Prior to joining Brightway, Clements served as President of Credit Cards at OneMain Financial and co-founded MagnifyMoney, which was later acquired by LendingTree. With his background in financial services and risk management, Clements is well-equipped to drive technological transformation within Brightway and propel the company towards accelerated growth.

Sumit Rajpal, Founder and CEO of GrowthCurve Capital, a principal investor in Brightway Insurance, has expressed confidence in Clements’ ability to lead the company towards transformative growth. By utilizing technology, data, and AI, Brightway aims to deliver unique experiences for its customers, agents, and carrier partners, ultimately driving substantial profitable growth in the coming years.

With the recent brand refresh and Clements’ appointment as CEO, Brightway Insurance is poised to capitalize on its success in 2023 and attract even more customers and franchise owners in the future. By focusing on technological innovation and customer-centric strategies, the company aims to solidify its position as a leader in the personal lines insurance market.

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