Perceptive Underwriting

16 February 2021

Nexus US Management & Professional Liability team hires Denise Socrates to expand its financial institutions capabilities

PRESS RELEASE: Leading independent specialty Managing General Agent Nexus Group (“Nexus”) today announces that Denise Socrates has joined the US Management & Professional Liability team as Vice President.

Socrates has more than 16 years’ experience in management and professional lines and was previously employed by Hiscox USA, where she managed their financial institutions business in the North East regions.

Adam Kembrooke, Chief Executive Officer and President, Nexus Group US, said:

“We are delighted to have Denise join the team, which has not only been a huge success since its launch last year, but has also been a major contributor to the continuing achievements of our US operations which - despite the challenges of COVID - grew both premium and income by more than 50% in 2020.”

Throughout her career, Socrates has achieved an impressive record of building and managing complex books of business and has an outstanding reputation as a strong underwriter and broker. In her new role Socrates will be based at the firm's Morristown, New Jersey office, where she will help build out Nexus’ financial institutions capabilities. Financial institutions coverage offerings will mirror the current Nexus offering in the Private Company and Not-for-Profit Management Liability space and will include Directors and Officers, Employment Practices, Fiduciary, Crime, Employed Lawyers, Cyber and E&O.

Stacy Paquet, Head of Management and Professional Liability, said:

“It is a hugely exciting time for Nexus and we are confident that Denise is the right person to help us grow in the financial institutions space. I look forward to working with Denise and welcoming her to our team.”

Ends

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