‘Perceptive Underwriting’

Summer 2016

Colin Thompson
Executive Chairman, Nexus Group

The summer is flying by with all the political machinations, sporting successes and failures plus, of course, the reliable British summer weather – depending on which way you look at it!

In these exciting times, we haven’t been standing still at Nexus during the past few months and this newsletter is filled with exciting acquisitions, a raft of talent joining the group and a brilliant Nexus challenge. In tonight’s packed programme, as the Two Ronnies used to say...

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Dr. Ravi Shroff
Managing Director, Beacon

At the beginning of July we acquired domiciled Marine Managing General Agent, Beacon Underwriters Limited, based in Hong Kong

Beacon was established in 2009 as a Lloyd’s Coverholder to write Marine Cargo, Hull and Machinery and Ports and Terminals business for Asian and Middle Eastern markets. Beacon’s Managing Director, Dr Ravi Shroff, has over 30 years’ experience as an insurance underwriter and has been working in Hong Kong as an underwriter since 1987. 

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The Group were very pleased to announce that it had signed a three year underwriting capacity deal with XL Catlin in Asia through XL Insurance Company SE at the end of May

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Stephen Comerford
Business Development Manager, Nexus EBA

Nexus EBA are establishing a branch in Ireland that will be headed up by Stephen Comerford, Senior Business Development Manager and Deputy Underwriter for Surety.

Originally acquiring EBA Insurance Services in August 2015 meant that Nexus could offer an extended product range that included Surety, latent defects insurance, construction risks and casualty business throughout Europe.

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Adam Kembrooke
Group Chief Legal Officer and Group Chief Risk Officer

Adam Kembrooke joined as Group Chief Legal Officer and Group Chief Risk Officer in July. He is a dual-qualified lawyer and joins the Nexus team from PartnerRe to establish and build a group-wide claims department and in-house corporate legal capability. Beginning his insurance career at Chubb in 2002, Adam is licensed in England and Wales and the USA. 

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A group of Nexus employees will climb the three highest mountains in England, Scotland and Wales next month in aid of Starlight Children's Foundation

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Nexus recently held their annual broker reception Leadenhall Market where 250 Nexus employees, brokers and insurance journalists enjoyed an informal evening of fun, drinks and canapés entertained by the Reubens Richards Band and sustained by a delicious BBQ.

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Over 500 tickets have been sold for the charity dinner to be held on Thursday 3rd November by Nexus CIFS at Old Billingsgate in aid of the Royal Marsden Cancer Charity, the group’s chosen charity for this year. 

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For the third year in a row, Nexus employees and broker guests recently competed in the annual yachting regatta at Cowes in the Isle of Wight. For a week the crew sailed a 37’ Oceanis class racing yacht called 'Vis a Vis'.

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