Rick Nesbitt

Rick Nesbitt Email and Phone Number

Insurance Executive – Strategy | Turnkey MGA Solutions | Program Management | Business Growth | Profitability | Leadership @ Cover Your Assets
brooklyn, new york, united states
Rick Nesbitt's Location
Atlanta Metropolitan Area, United States
About Rick Nesbitt

As an innovative Insurance Executive with a proven track record in driving rapid business growth, streamlining operations, and empowering teams, I specialize in transforming insurance sectors through strategic planning and advanced solutions. My expertise spans building and scaling businesses, achieving substantial revenue milestones, and developing turnkey solutions that enhance the capabilities of Managing General Agents (MGAs). With a unique blend of technical insight and leadership experience, I am adept at creating customizable platforms to streamline underwriting processes across various insurance types.Throughout my career, I have demonstrated an exceptional ability to grow businesses to significant revenue targets, including a notable $250M milestone. My experience includes crafting and executing strategies that have consistently turned new ventures into profitable entities for multiple carriers. As an expert in developing and implementing turnkey MGA solutions, I have automated and tailored underwriting guidelines for diverse insurance types, including general liability and medical malpractice.My background in the insurance industry is complemented by early career roles in reinsurance with General Re and Guy Carpenter. I am known for my leadership and team development skills, having mentored and empowered hundreds of employees to excel in their roles, ensuring they are well-equipped to make impactful decisions and succeed in their careers.Qualifications & Career Highlights• Business Growth and Profitability: Successfully built businesses to achieve significant revenue targets, including a $250M milestone. Developed new ventures into profitable entities through strategic planning and execution.• Turnkey MGA Solutions: Expert in creating and implementing solutions that enable insurance agents to write policies via customizable software platforms. Automated underwriting guidelines for various insurance types, enhancing efficiency and adaptability.• Industry Expertise: Extensive knowledge and experience in the insurance sector, with early roles in reinsurance with General Re and Guy Carpenter.• Leadership and Team Development: Recognized for inspiring and empowering teams, mentoring hundreds of employees, and fostering a collaborative environment that supports individual and team success.Driven by a commitment to excellence and a passion for innovation, I continue to seek opportunities to advance the insurance industry and support the growth of both individuals and organizations.

Rick Nesbitt's Current Company Details
Cover Your Assets

Cover Your Assets

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Insurance Executive – Strategy | Turnkey MGA Solutions | Program Management | Business Growth | Profitability | Leadership
brooklyn, new york, united states
Employees:
2
Rick Nesbitt Work Experience Details
  • Cover Your Assets
    Partner
    Cover Your Assets Jul 2023 - Present
    Atlanta Metropolitan Area
    Oversee insurance product development.
  • Rli Insurance Company
    Vice President
    Rli Insurance Company 2016 - 2022
    Greater Atlanta Area
    Established and managed the General Binding Authority (GBA) Business Unit, overseeing a budget of $7M in expenses and driving $80M in revenue premiums. Directly accountable for the unit's profit and loss (P&L). Directed a team of 6 direct reports nationwide, optimizing team performance and achieving aggressive business expansion goals within budgetary constraints. Managed vendor relationships and oversaw the customization of software solutions, ensuring alignment with business needs and rapid… Show more Established and managed the General Binding Authority (GBA) Business Unit, overseeing a budget of $7M in expenses and driving $80M in revenue premiums. Directly accountable for the unit's profit and loss (P&L). Directed a team of 6 direct reports nationwide, optimizing team performance and achieving aggressive business expansion goals within budgetary constraints. Managed vendor relationships and oversaw the customization of software solutions, ensuring alignment with business needs and rapid deployment timelines. Show less
  • Rockhill Underwriting Managers
    Vice President
    Rockhill Underwriting Managers 2010 - 2015
    Atlanta, Georgia
    Spearheaded the creation, development, and management of the General Binding Authority (GBA) Unit, reporting directly to the COO. Developed strategic initiatives to establish presence in the GBA market segment, focusing on profitability and growth. Managed a team of 2 direct reports initially, scaling operations and resources to meet business objectives.
  • Rsui Group, Inc.
    Senior Vice President
    Rsui Group, Inc. 2005 - 2010
    Greater Atlanta Area
    Led the establishment and management of the Binding Authority Unit, reporting directly to the Chairman. Developed and executed the strategic vision for the Binding Authority Unit, aligning with corporate goals and market demands. Created and launched a new business unit to enhance RSUI's product offerings and market presence. Established operational frameworks, including underwriting guidelines, processes, and technology integration to streamline business operations.
  • Crump Insurance
    Executive Vice President
    Crump Insurance 2001 - 2005
    Dallas, Texas
    Served as second in charge of the second largest wholesale broker in the U.S., overseeing day-to-day operations of 35 branch offices nationwide, guiding hundreds of employees, developing new products, and managing Binding Authority Relationships. Collaborated closely with the President and Board of Directors to execute corporate strategies and achieve business growth objectives. Executed strategic initiatives to expand product offerings and enhance service delivery across branch networks.

Rick Nesbitt Education Details

Frequently Asked Questions about Rick Nesbitt

What company does Rick Nesbitt work for?

Rick Nesbitt works for Cover Your Assets

What is Rick Nesbitt's role at the current company?

Rick Nesbitt's current role is Insurance Executive – Strategy | Turnkey MGA Solutions | Program Management | Business Growth | Profitability | Leadership.

What schools did Rick Nesbitt attend?

Rick Nesbitt attended Marquette University.

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