28 September 2020Nexus Specialty adds to its existing Professional Liability product range with new Excess & Surplus offering
PRESS RELEASE: Leading independent specialty Managing General Agent Nexus Group (“Nexus”) today announces that it has further bolstered the Nexus US roster of A rated carriers allowing its specialist financial lines team to now underwrite on an Excess & Surplus basis in addition to its existing market-leading Admitted Miscellaneous Professional Liability product.
Both Nexus’ Professional Liability products can be purchased on a stand-alone basis or as part of a modular package with management liability coverages such as D&O, EPLI, Fiduciary, Crime, Employed Lawyers and Cyber.
Adam Kembrooke, Chief Executive Officer and President, Nexus Group US, said:
“Following the extremely successful launch of our Financial Lines division earlier this year, I am excited at the prospect of adding an E&S option to our existing suite of admitted coverage offerings. We have a broad appetite for private and not-for-profit businesses with revenues up to $250m, coverage limits up to $5m and the capability to write in all 50 states.”
Bruce Simmons, VP Professional Liability, Nexus Specialty Inc., said:
“We are delighted to now be able to offer our clients both an admitted and surplus lines solution for their professional insurance needs. We truly offer a complete solution for all small to mid-sized businesses with excellent broad coverage policy wordings, cost effective solutions and excellent service standards that are a Nexus trademark.”