Nexus Underwriting Asia, based in Hong Kong, has a high profile team with over 20 years experience of local knowledge, Asian clients and business relationships in the market. NUA replicates the existing successful Nexus portfolio currently written in London. At NUA we will be focusing on the following classes:
NUA is headed up by Kevin Gotts, Head of Specialty Lines, who has relocated to Hong Kong from Nexus London headquarters. NUA replicates the existing successful Nexus portfolio written in London as well as focusing on the underwriting experience of Kevin Gotts and the Nexus Group to broaden the company's scope, with the backing of Colin Thompson and Tim Coles in the London HQ.
Kevin is a co-founding partner of Nexus London. Kevin manages all Specialty Lines on a delegated Cover holder basis. He also works producing and developing other classes written by Nexus Asia.
Nexus Underwriting Management Ltd
"I am very pleased that at such an early stage we have already been able to assemble an impressive line of business to underwrite in addition to all the lines we cover in London. We will be one of the first independent MGAs in the Asia Pacific region and this is a significant milestone in our growth plans. We have an extensive client and distribution network with valuable experience and recognition within the market place”
Nexus Underwriting Management Ltd
“Having recently joined Nexus, who continue to pursue a dynamic growth path into Specialty Lines insurance making them one of the largest and most profitable independent specialty MGAs in the London market, the new venture in Asia is extremely exciting and we will shortly become the first MGA to be granted an IARB License by Lloyd’s - Hong Kong. I very much look forward to helping Kevin develop our business in Asia on every level, strengthening their underwriting reach in the region and attracting high calibre people to come and join them in Hong Kong,”
The founders of the Nexus Group set out in October 2008 to create a Managing General Agent (MGA) with a dynamic growth path into Specialty Lines insurance, backing this up with excellent service and cutting edge products.
A five year plan was put into place with one overriding success criteria, that the Group would become one of the largest and most profitable independent specialty MGAs in the London market by 2013. This has been achieved with gross written premium due to surpass US$135 million in 2015 - and over 50% of the Group’s gross written premium emanating from regional brokers.
The Group has made profit every quarter since it started. The model is based on making an underwriting profit for Underwriting Partners who have paid profit commission out for every underwriting year since Nexus was founded, and cumulative gross written premium of more than USD$365 million has been produced for the London Market.
The Nexus Group currently has 20 underwriting partners who support their product offerings up to the following limits of liability for these Specialty classes of business:
Following the recent acquisition of EBA, the Group can now offer an extended product range that includes Surety, Bond, Dommages à l’Ouvrage, Architects & Engineers Professional Indemnity Insurance, General Professional Indemnity Insurance, Fine Art and Specie Insurance, Miscellaneous Casualty Insurance, Construction Plant & Machine Risks Insurance, Life and Event Cancellation.
Nexus Underwriting Management Limited, Company Number 7055303 is registered in England and Wales. It is the holding Company for Nexus Underwriting Limited and Nexus CIFS Limited and EBA Insurance Services Ltd.
The Nexus Group employ over 120 people Gross written Premium to exceed US$135m this year