06 May 2020Nexus Specialty Inc. hires highly respected industry veteran Mike Fried to head up its claims division in the US
PRESS RELEASE: New York, Wednesday 6th May 2020: Leading MGA Nexus Group today announces the strategic hiring of Mike Fried to lead its new in-house claims team for Nexus Specialty Inc. in the US.
The hiring of Mike Fried follows the successful launch of a new Financial Lines division in the US, providing a full suite of Management and Professional Liability products supported by Professional Solutions Insurance Company (PSIC), rated “A” (Excellent) by A.M. Best and the admitted Trade Credit product launched earlier this year supported by Crum & Forster (C&F), also rated “A” (Excellent).
The new US claims offering follows Nexus Group’s virtual insurer model and compliments the international MGA’s established claims offering in the UK and Europe, which includes highly experienced and specialized claims adjusters together with administration, finance and Management Information experts dedicated to claims.
Adam Kembrooke, Chief Executive Officer and President, Nexus Group US said:
“The hiring of someone as well respected and experienced as Mike shows our ongoing commitment to secure talent for our ambitious business, which continues to expand in the US specialty insurance market. I am delighted to have Mike join us and I am sure he will be a valuable asset to us, our carrier partners and most importantly our policyholders who will be in safe and trusted hands.”
Prior to joining Nexus, Mike was most recently Managing Director and Chief Claims Officer of leading Management/Professional Liability Claims third party administrator LVL Claims Services LLC, and previously he managed high value complex claims at both Chubb and AIG during his nearly 40-year claims career.
Mike Fried, Vice President US Head of Claims, Nexus Specialty, Inc. said:
“Nexus is an outstanding organization with an unparalleled track record, and the chance to work with them was something I could not pass up. I am grateful for this new challenge and the unique opportunity to build a market-leading claims team that will deliver quality service and consistency to our policyholders, broker partners and the carriers with whom we work.”
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