Colin Thompson, Founder and Executive Chairman of Nexus, said: “We continue to attract exceptional talent to augment the team on every level, and bringing in someone of Mike’s calibre is a huge credit to the company and the direction that we are headed. Mike has enjoyed an enormously successful and extensive career throughout the industry, establishing Lloyd’s syndicates, growing businesses and delivering improved underwriting performances.”
In his previous role, Mike was a member of the AmTrust at Lloyd’s board and responsible as Chief Underwriting Officer for overseeing the underwriting strategy of the Company’s five syndicates following its acquisition of ANV. Prior to AmTrust, Mike was CEO for W R Berkley Syndicate 1967, having led the establishment of the Syndicate in 2009. Before that, he was CEO of Brit Global Markets and Active Underwriter of Brit Syndicate 2987. Additional changes have also been announced from April that will include the appointment of a new Non-Executive Chairman. Colin Thompson will relinquish the role of Executive Chairman as he reassumes the position of Group CEO. Meanwhile, Tim Coles will become Group COO and Stuart Rouse will continue as Group CFO.
Mike Sibthorpe commented: “I am delighted to be joining Nexus at this incredibly exciting stage in the development of the company and being part of one of the most dynamic and fast growing underwriting and distribution businesses in the insurance market. With my experience of the Lloyd’s market and underwriting, I will be looking to add to the extensive platforms Nexus has established and deliver first class insurance solutions for clients and underwriting partners.”