Nexus handed Sunday Times Profit Track 100 Accolade

12/04/2018

The Nexus Group is now part of a prestigious set of the fastest growing private companies in the UK across all sectors.

In accountancy firm BDO’s Profit Track 100 report, which was recently published in the Sunday Times, Nexus was placed 91st in a league table ranking Britain’s private companies with the fastest-growing profits.

Nexus Acquires Fast-Growing MGA Apsley Specialty

13/02/2018

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.

Mike Sibthorpe bolsters Nexus Group management

17/01/2018

Leading independent specialty Managing General Agent Nexus Group today announces that senior industry figure Mike Sibthorpe will join as Chief Executive Officer of Insurance and Reinsurance at Nexus Underwriting Management Limited, effective April 2018.

Mike, who was previously Chief Underwriting Officer for AmTrust at Lloyd’s, will also become a member of the Nexus Group board. 

Charles Penruddocke joins Nexus Group Trade Credit MGAs as Non-Executive Deputy Chairman

03/11/2017

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.

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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We’ve moved

08/09/2017

On Friday 29th September the Nexus team moved to new premises:

52 - 56 Leadenhall Street
London
EC3A 2EB

Our phone numbers and email addresses remain unchanged. 

 

Nexus Commits to Ireland with New Office Opening

20/07/2017

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.

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.

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.

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.