Leading independent specialty Managing General Agent Nexus Group today announces that Charles Penruddocke has joined as Non-Executive Deputy Chairman of Nexus CIFS Ltd and Equinox Global Ltd.
Most recently MS Amlin Bermuda’s Head of Specialty Lines and Global Product Lead, Charles has in excess of forty years of experience in underwriting and broking and has held successful leadership roles across four continents. Prior to MS Amlin, Charles was Head of Specialty and International Underwriting at Arch Re in Bermuda, and he has been a member of Lloyd’s since 1974.
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.
On Friday 29th September the Nexus team moved to new premises:
52 - 56 Leadenhall Street
Our phone numbers and email addresses remain unchanged.
Leading independent specialty Managing General Agent (MGA) Nexus Group (Nexus) today announces the opening of their new office in Cork following the establishment a branch in Ireland headed by Stephen Comerford in July 2016.
With over 15 years experience in Surety Bonds with Aviva Ireland and Campion Insurance Brokers, Stephen Comerford specialises in securing solutions for builders, developers and licensed service contractors in a market where many traditional surety players have ceased underwriting this class of business.
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.Download press release
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.Download press release
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.
Intelligent Insurer Interview with Founder and Executive Chairman of Nexus:
"Since its formation in 2008, Nexus Group has enjoyed rapid growth through both acquisitions and organic growth into more speciality lines. Here Colin Thompson, founder and executive chairman of Nexus, discusses with Intelligent Insurer why this is a good time to be running and growing an MGA and the nuances of the business across different markets."
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.
2017: Nexus has been identified as one of London Stock Exchange Group’s 1000 Companies to Inspire Britain. www.1000companies.com
The report is a celebration of the UK’s fastest-growing and most dynamic small and medium sized businesses across the UK.
Nexus CIFS Ltd:
2016 - Finalist of the Institute of Credit Management, British Credit Awards
2015 - Winner of the Institute of Credit Management, British Credit Awards
2014 - Finalist of the Institute of Credit Management, British Credit Awards
2013 - Winner of the Institute of Credit Management, British Credit Awards
Nexus Underwriting Management Limited:
2014 - Finalist for Underwriting Agency, British Insurance Awards
2013 - Finalist for Underwriting Agency, British Insurance Awards
2014 - Leading Advisor - Acquisition International
2014 - Finalist for MGA of the Year, Insurance Times Awards
2013 - Finalist for MGA of the Year, Insurance Times Awards
2014 - NUML shortlisted for Placement of the Year
2013 - NUML shortlisted for London Market Awards
2013 - Finalist for Insurance Insider Broker M&A Deal of Year for Nexus Group acquisition of Credit Indemnity & Financial Services (CIFS)