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Latest News from the Nexus Group

Nexus Acquires Specialist Trade Credit Broker Credit Risk Solutions

25/10/2017

Leading independent specialty Managing General Agent Nexus Group today announces that it has acquired Credit Risk Solutions Ltd (CRS).

Established in 2003, CRS is a leading independent specialist Trade Credit broker operating from offices in Halifax, Manchester and Birmingham. CRS will continue to be led by its founding shareholders Mike Clark, Hayden Tennant and Lisa Humphries and will importantly remain an open market broker, independent of the underwriting operations of the Nexus Group. The deal will allow CRS to accelerate its growth via the acquisition of strategic targets in the regional broking market.​

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Nexus Acquires U.S. Based Personal Accident Treaty Reinsurance MGA from ZON Re, Launches “Nexus Re”

19/07/2017

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.

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Nexus Acquires Specialist Trade Credit MGA Equinox Global

17/07/2017

Leading independent specialty Managing General Agent (MGA) Nexus Group today announce that it has acquired Equinox Global Ltd, a registered and approved Lloyd’s Coverholder, and all other Equinox group companies.

Established in 2009, Equinox is a fast-growing specialist Trade Credit MGA, which will continue to be supported post acquisition by its founding shareholders and management team of Steen Parsholt, Mike Holley, Rob Crampton and Vicki Harrison.

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Nexus Completes £30 Million Capital Raising

17/07/2017

Leading independent specialty Managing General Agent (MGA) Nexus Group today announces that it has successfully concluded raising capital, by way of loan facilities, totalling £30 million that will enable it to undertake further merger and acquisition activity.

B.P. Marsh & Partners Plc, the niche venture capital provider to early stage financial services businesses, has provided Nexus, in which it holds an 18.6% shareholding, a £4 million loan facility, as part of the £30 million capital fund raising exercise. The further £26 million of the loan facility came through undisclosed sources.

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Nexus Purchases Specialist Marine Cargo Insurer MGA From Aquila

30/06/2017

Leading independent specialty Managing General Agent (MGA) Nexus Group today announces that it has acquired Vectura Underwriting, a registered and approved Lloyd’s Coverholder, from Aquila Underwriting LLP.

Established in June 2007, Vectura Underwriting is a specialist Marine Cargo insurer and reinsurer headed up Stephen Fletcher, together with Tim Hancox, who have now relocated to Nexus’ global headquarters in Leadenhall Street.

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Nexus Named In London Stock Exchange 1,000 Inspirational Companies List

16/05/2017

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.

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Nexus Enters Cyber Space

09/05/2017

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.

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Nexus Underwriting Asia Rebrands Beacon Underwriters to Nexus Marine

21/03/2017

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.

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2016 Financial Results Show Nexus Going From Strength To Strength

02/03/2017

Nexus Underwriting Management Limited, the leading independent specialty Managing General Agent (MGA), today announced its financial results for 2016, reporting impressive growth figures.

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Nexus Creates New Claims Company

16/11/2016

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.

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Industry Awards

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


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