16 February 2024

Expansive AI and data analytics-focused program administrator Integrated Specialty Coverages has added Brad Nebel from its reinsurance broker BMS Re as chief of staff, with a focus on building out the platform’s wholesale division and managing its growing list of exclusive programs, Program Manager can reveal.

At BMS Re, Nebel was most recently senior vice president and Chicago P&C branch manager specialising in treaty placements for MGA program business.

Before BMS Re he served as SVP for global facultative and North America facilities manager at WTW.

He previously spent 12 years at MGA Jack Nebel Companies as senior underwriter and broker, where he led the team’s P&C general binding authorities, programs and Lloyd’s binders.

In a statement confirming the hire, ISC’s founding CEO Matt Grossberg said: “We are very pleased to be welcoming Brad to the team. He brings with him a wealth of experience, including over 12 years in the MGA wholesale space, making him uniquely positioned to expand this division.

“Having worked closely with ISC in his role at BMS, Brad will be able to hit the ground running, which is a considerable advantage.”

BMS Re’s interim co-CEO Andrew Wheeler described it as an exciting opportunity for Nebel to return to his roots in the MGA sector.

“Not only is he joining a phenomenal team and a valued client, but ISC is gaining a very talented executive who will help them to continue their incredible growth journey,” he commented.

John Speckman, the co-head of BMS Re’s ProLink Solutions, noted that Grossberg and the ISC team have been a “valued client” of BMS Re since the firm’s launch in 2017.

“We have seen firsthand what ISC is capable of and are delighted for Brad to take on this opportunity in the next phase of his career. We look forward to continuing to work closely together to support the continuation of ISC’s impressive trajectory,” he said.

As previously reported, ISC was on course to finish 2023 with around $600mn of premium, representing a doubling in size since PE giant bought into the platform in 2021.

The firm has grown top line and Ebitda organically by almost 75 percent since the KKR deal, building out its portfolio to over 40 programs that have expanded at pace, as well as adding to the platform with select M&A transactions.

The growth trajectory last year was significant, climbing from around $450mn of premium volume in 2022 and $325mn in 2021.

View this article here: https://www.program-manager.com/news/bms-res-brad-nebel-joins-pa-client-isc-as-chief-of-staff/

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