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 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.
Millstream’s continuing success has led to the addition of two experienced underwriters, both of whom join the team in June.
Daniel Hallmark will take up the role of Senior Underwriter bringing more than 15 years of experience, most recently with Aviva where he was Affinity & Employee Benefits Manager. Dan will lead the underwriting team taking day to day responsibility for our underwriting performance and supporting our product and business development.
Aaron Williams joins Millstream as Deputy Underwriter from Compass Underwriting and has a total of 10 years A&H underwriting experience. Aaron’s background will add further depth and expertise to the team particularly as we continue to grow and develop in the London market.Read the full article
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.
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.Read the full article
The current political uncertainty and consequent security risk in Gambia, has led the Foreign and Commonwealth Office (FCO) to advise against all but essential travel. You can find their latest guidance at https://www.gov.uk/foreign-travel-advice/gambia
FCO advice is to leave by commercial means unless you have an essential need to remain. We would urge you to contact your airline or travel company for more information about departure options.Read the full article
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.
The Zika virus is once again making headlines and causing understandable concern amongst travellers.
There is a clear risk, particularly to pregnant travellers, and appropriate care needs to be taken. Do consult with your medical practitioner and the advice of the Foreign & Commonwealth Office (www.gov.uk/foreign-travel-advice) when planning your trip.
How does our Travel insurance respond?Read the full article