Investment firm Agman hires former Brit USA chair as it targets insurance

Agman, a US family-owned investment firm with a growing portfolio in the insurance space, has hired a former president of Brit to help it manage and grow its insurance portfolio.

Nick Davies will support the firm’s expanding insurance platform, which includes Virtus, an insurance brokerage and consulting firm, and Omaha National, a technology-enabled provider of workers’ compensation insurance to small and medium-sized businesses.

Davies has 25 years’ experience in the international insurance and reinsurance markets, most recently as a group executive for Brit Insurance, where he served as president of their US and Bermuda business.

Brit Global Specialty Americas spanned property, casualty, professional, and reinsurance and wrote approximately $1.5 billion in premium during his tenure. He served as chairman of Brit USA, Brit Bermuda, and Commonwealth Insurance, and helped establish Brit as a market leader for a range of US products.

Davies previously held a number of senior roles in start-up businesses with a focus on catastrophe risk and complex US casualty. As an early employee of Brit in London he helped establish its Property Division and led its entry into War and Terrorism post 9/11, building a business which remains one of the most successful in the London market.

Davies subsequently joined Western Re Managers, a Lloyd’s MGA specializing in catastrophe risk, where he helped expand their earthquake and terrorism products, before re-joining Brit in 2009 as their first US employee.

“We are delighted to welcome Nick to our team. He has the breadth and depth of entrepreneurial experience to enhance our rapidly growing platform. We are excited about exploring a number of strategic initiatives with him,” said Scott Silverman, CEO of Agman.

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