Since qualifying as an accountant in the early 1970s, Nick has spent more than 40 years in the insurance industry, holding senior positions and establishing Consolidated Insurance Group before setting up Sterling Insurance in 1994. The business grew and was underwriting premiums of approximately £200m before it was sold in 2014.

Nick also has a deep interest in the arts, and held directorships at the Royal Academy of Dramatic Arts (RADA) and the Old Vic, where he was chairman for five years. He was awarded a CBE in the 2015 New Year Honours for service to philanthropy in higher education and the arts.