Nexus Marine, formerly known as Beacon Underwriters Ltd is a Hong Kong-based Underwriting Agency that writes a specialised portfolio of facultative cargo business and provides first-class cargo insurance solutions to our clients. We strive to leverage our market expertise and our strong existing business relationships to meet our clients’ cargo insurance needs.
Lloyd’s is the world’s leading specialist insurance market, conducting business in over 200 countries and territories worldwide.
The Lloyd’s market is made up of independent businesses, which offer an unrivaled concentration of underwriting expertise and talent. Those with risks to insure can access Lloyd’s either through a global network of Lloyd’s brokers or through authorised local underwriting agents (coverholders). To find out more about Lloyd’s, click here.
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$250m this year