‘Perceptive Underwriting’

Autumn 2017

Colin Thompson
Founder and Group Executive Chairman
Nexus Underwriting Management Limited

Much water has passed under the bridge since our last bulletin, not least that it’s no longer called the 150 Bulletin as we have recently moved not far down Leadenhall Street to the impressive Hallmark Building at numbers 52-56.

There has been a flurry of exciting acquisitions during the year so far and, in July, we raised a further £30 million capital by way of loan facilities giving us the ability to undertake further merger and acquisition activity.

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Shortly after Independence Day we completed the acquisition of the Personal Accident Treaty Reinsurance MGA operated by New Jersey based ZON Re via an asset purchase. This was our first acquisition in the US, adding treaty as a new class of business for the Group.

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July was a busy month with the opening of a new Nexus office in Cork following the establishment a branch in Ireland headed by Stephen Comerford in July 2016.

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Equinox Global Ltd, a registered and approved Lloyd's Coverholder, and all other Equinox group companies, was recently acquired as well.

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In June, the Nexus Group 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. 

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Sue Morley
Client Services Director - Nexus CIFS

Effective from 23rd October 2017 we are delighted to announce that Ian Selby (NCIFS Risk Underwriting Manager) will take up the newly created position of Commercial Director.

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On Friday 29th September the Nexus London team moved from 150 Leadenhall Street to new premises at 52 - 56 Leadenhall Street, London EC3A 2EB. Please note that our phone numbers and email addresses remain unchanged.

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