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
Congratulations to all the Nexus Cifs team. Great effort to be highly commended for Credit Insurance Specialist of the Year.Read the full article
Nexus Underwriting, the leading independent specialty MGA is pleased to announce that B.P. Marsh & Partners Plc, the niche venture capital provider to early stage financial services businesses, has acquired a further 6.87% in Nexus Underwriting Management Limited for a total consideration of £4m.Download press release
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
Please find below a copy of the Chairman's Statement for 2015Read the full article
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.
This weekend is The Nexus 3 Peak 24 hour Challenge and we are asking all of our friends to support us.
Twenty two of us from Nexus will attempt the challenge. It involves climbing the highest mountains in the GB’s 3 countries in a 24 hour period – Ben Nevis, Scafell Pike, Snowdon. It is 23.5 miles and 13 hours of walking, 2,764m of ascending/descending and 11 hours of driving! It is a tough challenge for the team!!
An article appeared on the Insurance Insider website on Tuesday 16th August 2016 which referenced Nexus and one of our Underwriting Partners, PartnerRe. It contained a number of inaccuracies (which have since been corrected in the online article) but in case you read the earlier version, please note the following:
PartnerRe has not ceased writing new business – it is not in “run-off” as the title of the article states. PartnerRe Wholesale is no longer trading as a separate division and is therefore not signing any new agreements with MGAs, but PartnerRe continues to trade and write business through the agreements it already has in place, including Nexus which represents some 75% of PartnerRe Wholesale’s GWP.Read the full article
London, Wednesday 13th July, 2016
Nexus EBA, part of leading independent specialty MGA Nexus Underwriting Management Limited, announces that it is establishing a branch in Ireland that will be headed up by Stephen Comerford, Senior Business Development Manager and Deputy Underwriter for Surety.
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)