Leading independent specialty Managing General Agent Nexus Group today announces that it has completed the acquisition of Apsley Specialty Limited, a registered and approved Lloyd’s Coverholder.
Established in 2012, Apsley Specialty is a specialist Directors & Officers and Financial Institutions (“DOFI”) MGA headed up by James Lawrie. As part of the acquisition, James will join the board of Nexus Underwriting Limited and both brands will continue to operate as usual. Prior to founding Apsley James spent several years specialising in alternative investments at Towers Watson and Caliburn Capital, where he allocated multi-billion dollar portfolios across hundreds of hedge funds.Download press release
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.Download press release
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 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.
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.
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.Download press release
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.Download press release
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.Download press release
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 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