Founder & Executive Chairman,
Nexus Underwriting Management Ltd
" Three main things continue to make us so successful; exceptional organic growth, a developed acquisition capability and an unrelenting focus on delivering an underwriting profit to our insurers.
Nexus' recent acquisitions and first foray into the US MGA market, have cemented our position as a multi-product, multi-class, multi-geographic 'virtual' Insurance Company. "
Group Chief Executive Officer,
Nexus Underwriting Management Ltd
" Alongside our acquisitive growth we will continue to further diversify the group in the specialty niche underwriting arena that will present us with new opportunities to access additional distribution channels and relationships with leading (re)insurance business producers.
Our unmitigated focus on delivering exceptional underwriting returns for our capacity partners is key to our continued success, alongside successfully attracting and integrating other first class MGAs and individuals to share our exciting future. "
Founded in 2008, the Nexus Group is a specialty MGA on a dynamic growth path, concentrating on niche classes of business and delivering excellent service and cutting edge products. Unlike nearly all other multi-product MGAs, Nexus is truly independent and can justifiably describe itself as a ‘virtual insurance company’.
The Nexus Group underwrites 15 Specialty products on behalf of 25 underwriting partners who support their product offerings within the following lines of business: Financial Lines, Trade Credit, Accident & Health, Surety, Travel, Property, Latent Defect, Marine and Cyber.
To access details of the specialty classes of business Nexus underwrites please visit:
Recent developments have further expanded the group’s growth strategy:
October 2017 Nexus acquired Specialist Trade Credit broker Credit Risk Solutions. Operating from offices in Halifax, Manchester and Birmingham, CRS will remain an open market broker, independent of the underwriting operations of the Nexus Group.
August 2017 Nexus acquired Specialist Trade Credit MGA Equinox Global, an international company with offices in London, New York, Paris, Hamburg and Amsterdam that adds to and complements Nexus Group’s other Trade Credit offering, Nexus CIFS.
Jul 2017 Nexus acquired U.S. Based Personal Accident Treaty Reinsurance MGA from ZON Re which marks Nexus’s expansion into the US and launches “Nexus Re”.
July 2017 Nexus completed a £30 Million Capital Raising enabling the company to undertake further merger and acquisition activity. The facilities include the potential for follow on funding.
June 2017 Nexus acquired Vectura Underwriting, a Lloyd’s coverholder, from Aquila Underwriting LLP. Vectura Underwriting is a specialist Marine Cargo insurer and reinsurer with a global focus and specialism in the ATA Carnet market.
November 2016 saw the launch of Nexus Claims, allowing Nexus to offer a complete service solution to its underwriting partners. Having a best in class in-house claims function allows Nexus to provide long-term continuity and top-tier service levels to brokers and their clients.
December 2015 Nexus acquired City of London based Millstream Underwriting Limited, an independent managing general agency specialising in travel personal accident and sickness insurance covers, primarily underwritten on a business to business basis.
November 2015 Nexus Underwriting Asia (HK) was launched in Hong Kong to replicate the existing successful portfolio currently underwritten by the Nexus Group in London with other classes of business to be introduced during 2017.
August 2015 the acquisition of EBA Insurance Services, a MGA and Lloyd’s broker, saw Nexus being able to offer an extended product range including Surety, Bond, Dommages à l’Ouvrage, Fine Art and Specie Insurance, Life and Event Cancellation.
Nexus Underwriting Management Limited, Company Number 07055303 is registered in England and Wales. It is the holding company for Nexus Underwriting Limited, Nexus CIFS Limited, EBA Insurance Services Limited and Millstream Underwriting Ltd.
Nexus Underwriting Ltd is authorised and regulated by the Financial Conduct Authority. FCA No: 494805 Nexus CIFS Limited is an Appointed Representative of Nexus Underwriting Limited, which is authorised and regulated by the FCA. EBA Insurance Services Ltd is authorised and regulated by the Financial Conduct Authority. FCA No: 307412 Millstream Ltd is authorised and regulated by the Financial Conduct Authority. FCA No: 308584.
The Nexus Group employ over 120 people
Gross Written Premium to exceed US$250m this year
Colin Thompson (Executive Chairman), Ian Whistondale (NED), Hugh Morland (Deputy Chairman), Dan Topping(NED), Stuart Rouse (CFO/COO), Tim Coles (CEO), Jeremy Adams (NED).
Holding company for Nexus Underwriting Ltd, EBA Insurance Services Ltd, Nexus CIFS Ltd, Nexus Underwriting Asia (Holdings) Ltd, Millstream Underwriting Ltd. No requirement for FCA authorisation.