‘Perceptive Underwriting’

Winter 2016

Colin Thompson
Founder and Group Executive Chairman
Nexus Underwriting Management Limited

“2016 ended on further high notes for us, well, on three peaks to be precise.

But firstly an impressive summit was reached when Nexus Claims was launched last month providing specialist claims services for insurers. Headed up by our Chief Legal Officer, Adam Kembrooke, this exciting initiative is an ideal offering for those carriers who require specialist assistance in this area.

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Adam Kembrooke
Group Chief Legal Officer and Group Chief Risk Officer

We were excited last month to announce that we have formed a new claims company trading as Nexus Claims.

It will be run independently from the underwriting companies and offers claims management services, not only to Nexus’ underwriting partners, but also to insurance companies, syndicates and other MGAs that do not have their own claims operations, who need specialist expertise in some areas, or those that simply prefer to strategically combine an outsourcing model with their existing claims capabilities.

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We were delighted to present The Royal Marsden Cancer Charity with a cheque for over £58,000 kindly witnessed by our good friend Gyles Brandreth. 

This followed an extremely successful charity dinner hosted by Nexus CIFS, held at Old Billingsgate in November and attended by over 500 people from the Trade Credit, Political Risk & Bond markets.

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Simon McVey
Managing Director, Millstream Underwriting

In December last year Nexus acquired City of London based Millstream Underwriting Limited, an independent managing general agency specialising in travel, personal accident and sickness insurance covers, primarily underwritten on a business to business basis. This month we are delighted that Simon McVey and the Millstream team are moving into 150 Leadenhall Street to join the rest of Nexus in London.

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Sue Morley
Client Services Director - Nexus CIFS

For the fifth year in succession Nexus CIFS has been shortlisted for a prestigious British Credit Award in a new category - The Credit Insurance Specialist of the year – as recently announced by the Chartered Institute of Credit Management. The winner will be announced at a glittering awards dinner on 7th February 2017. Sue Morley, Client Services Director at Nexus CIFS, says that “having won a Chartered Institute of Credit Management award twice during the last five years, we are delighted to have been shortlisted again for this exciting new category. It underpins the success of our current business model and all the hard work put in by the team.”

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