Nick Clements named CEO of Brightway amidst brand refresh and record growth

Brightway Insurance announced the appointment of Nick Clements as its new Chief Executive Officer. His appointment is effective March 1 and follows the launch of a refreshed brand in February and the milestone of more than $1.2 billion of premiums written in 2023.

Nick has more than 20 years of experience building and scaling fintech businesses, both as a founder and an operator within leading financial services organizations. He previously served as President of Credit Cards at OneMain Financial, Co-Founder and CEO of MagnifyMoney (acquired by LendingTree), and CEO of Barclaycard’s UK consumer credit card business. Nick’s career began at Swiss Re, a global reinsurer.

“Nick is a seasoned growth leader, with a strong track record of leveraging technology and data to drive transformational growth. We see tremendous opportunity at Brightway to utilize technology, data, and AI to create differentiated experiences for our customers, agents, and carrier partners and ultimately, drive outsized profitable growth for all stakeholders. We look forward to working with Nick and the entire team at Brightway as we continue on our journey to achieve this vision.” –  Sumit Rajpal, Founder and Chief Executive Officer of GrowthCurve Capital which is the majority investor in Brightway Insurance.

“I am honored to have the opportunity to lead Brightway. It is a differentiated platform that provides consumers with curated choice as they protect their most important assets, and it provides entrepreneurial agency owners with the opportunity to build and grow their own businesses. We expect to use the power of technology, data, and AI, to delight customers and enhance agent productivity. I look forward to working with the talented Brightway team members to accelerate our growth and welcome more customers and franchise agent owners over the coming years.” – Nick Clements.

Nick’s appointment as CEO comes on the heels of a record year for Brightway, in which the business reached $1.2bn in gross written premiums and added over 100 new franchises, both new records for the business, and the launch of a refreshed brand.