Leading independent specialty Managing General Agent ("MGA”) Nexus Group (“Nexus”) today announces that it has completed the acquisition of the Personal Accident (“PA”) Treaty Reinsurance MGA operated by ZON Re, a U.S. based Treaty Reinsurance Managing Underwriter and Lloyd's Coverholder, via an asset purchase.
Established in 2003, the ZON Re PA Treaty Reinsurance MGA will now trade as “Nexus Re”and will continue to be led post acquisition by ZON Re’s senior management team of W. Brian Harrigan, Kieron Farrelly, Chris Holland and Vern Ismen. All four become shareholders in Nexus, aligning the parties to grow and develop the business.
Leading independent specialty Managing General Agent (MGA) Nexus Group has been featured for the first time in the 2017 London Stock Exchange’s report 1,000 Companies to Inspire Britain which has just been published.
This report focuses on the UK’s most dynamic and fastest growing businesses and features a 1,000 high growth and innovative companies in the country. As well as identifying these companies, the annual report further examines in detail the opportunities and challenges facing SMEs and looks at the sectors and trends that will shape the future of the UK economy.
Leading independent specialty Managing General Agent (MGA) Nexus Group announces the successful fruition of an initiative with Beazley Syndicate to provide Cyber insurance with effect from 1st May, 2017 via the existing Nexus broker network.
Nexus will underwrite the new line, offering third party cover up to a maximum limit of liability of £5,000,000 in the aggregate per policy and, in respect of privacy breach response services, up to a maximum of 250,000 records in the aggregate per policy.
Specialty MGA Nexus Underwriting Asia has announced following its acquisition of Beacon Underwriters Limited in July last year that Beacon is rebranded Nexus Marine with immediate effect.
Nexus will now operate two platforms from a single office in Hong Kong, underwriting the following classes of business:
Nexus Marine - Cargo, Hull and Port and Terminals insurance.
Nexus Underwriting Asia - Specialty Lines, including D&O/FI Liability, Single Situation Credit, Accident & Health, Pension Trustee Liability, Property Industrial All Risks and Commercial Professional Indemnity insurance.Download press release
Nexus Underwriting Management Limited, the leading independent specialty Managing General Agent (MGA), today announced its financial results for 2016, reporting impressive growth figures.Download press release
Nexus Underwriting, the leading independent specialty MGA, is excited to announce that it has formed a new claims company trading as Nexus Claims.
Run independently to the underwriting companies, Nexus Claims offers claims management services not only to Nexus’ underwriting partners but also to insurance companies, syndicates and other MGAs that do not have their own claims operations, who need specialist expertise in some areas or those that simply prefer to strategically combine an outsourcing model with their existing claims capabilities.Download press release
A team from leading independent specialty MGA Nexus Underwriting Management Limited recently completed the Nexus Three Peak Challenge which involved climbing the highest mountains in three different countries in the United Kingdom over a 24 hour period: Ben Nevis, Scafell Pike and Snowdon.
The Nexus team of 22 walkers set out to conquer the Three Peaks and to reach a target of £10,000 for their chosen charity Starlight Children’s Foundation. To date, the total money raised is now well in excess of £18,000.
London, Wednesday 13th July, 2016
Nexus EBA, part of leading independent specialty MGA Nexus Underwriting Management Limited, announces that it is establishing a branch in Ireland that will be headed up by Stephen Comerford, Senior Business Development Manager and Deputy Underwriter for Surety.
London and Hong Kong, Tuesday 5th July, 2016
Nexus Underwriting Management Limited (Nexus) has acquired 100% of the shareholding in the Hong Kong domiciled Marine Managing General Agent, Beacon Underwriters Limited (Beacon), which marks its first overseas acquisition and the third one within the last 12 months.
The BIBA (The British Insurance Brokers' Association) Conference in Manchesterearlier this monthwas a huge success for Nexus.
15 underwriters travelled up from London to represent the group’s current product range, comprising Financial Lines, Trade Credit, Accident & Health, Surety, Travel, Property, Bond and Latent Defect.Also attending were CEO Tim Coles, together with Alex Mobbs, Executive Director Nexus EBA, and Richard Wynn, Director of Business Development (pictured as attached).
Nexus CIFS Highly Commended at CICM
For the fifth year in succession, Nexus CIFS, winners in 2013 and 2015, was short listed, and on the night received the accolade “highly commended”, in the new Credit Insurance Specialist of the Year category
Nexus CIFS Ltd:
Winner of the Institute of Credit Management, British Credit Awards 2015
Finalist for Underwriting Agency of the year 2013, British Insurance Awards
Winners of the Institute of Credit Management, British Credit Awards 2013
Finalist for MGA of the Year, Insurance Times Awards 2014
Finalist for Underwriting Agency of the Year 2014, British Insurance Awards
Finalist for MGA of the Year, Insurance Times Awards 2013
NUML shortlisted for Placement of the Year
Leading Advisor 2014 - Acquisition International