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.
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.
The Super Star Online World Seniors Snooker Championship, starting on Tuesday 21st March, are delighted to welcome THE NEXUS GROUP as a partner to the event.
Founded in 2008 by Colin Thompson, the Nexus Group is a specialty insurance organisation known as an MGA (Managing General Agent) on a dynamic growth path, concentrating on niche classes of business and delivering excellent service and cutting edge products.Read the full article
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.
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
2018 - For the second year running Nexus have been identified in the London Stock Exchange Group's 1000 Companies to Inspire Britain report.
The report is a celebration of the UK’s fastest-growing and most dynamic small and medium sized businesses across the UK. www.1000companies.com
The Nexus Group is now part of a prestigious set of the fastest growing private companies in the UK across all sectors.
2018: Nexus has been identified in the Inc. 5000 Europe list of fastest growing companies in Europe.
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:
2018 - Finalists in the Credit Insurance Specialists of the Year
2017 - Highly commended, British Credit Awards
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 - NUML shortlisted for Placement of the Year
2014 - Finalist for MGA of the Year, Insurance Times Awards
2013 - Finalist for MGA of the Year, Insurance Times Awards
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)