Nexus CIFS Ian Selby Construction Outlook - July 2017

Risk Underwriting Manager, Ian Selby provides a detailed report of the current state of the Construction Industry. The past 12 months have been characterised by increasing political and economic uncertainly. Since the surprise referendum result on 23rd June 2016, the UK has seen a sharp decline in the strength of the pound, increasing inflation and, after an expectations-beating second half of 2016, stalling economic growth in the first half of 2017. We now go into the formal Brexit negotiations with a hung parliament and increasing discord amongst politicians. The odds of another election in 2017 are now just 13 to 8.

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Nexus Acquires Specialist Trade Credit MGA Equinox Global

Nexus Group today announce that it has acquired Equinox Global Ltd, a registered and approved Lloyd’s Coverholder, and all other Equinox group companies. Established in 2009, Equinox is a fast-growing specialist Trade Credit MGA, which will continue to be supported post acquisition by its founding shareholders and management team of Steen Parsholt, Mike Holley, Rob Crampton and Vicki Harrison.

A new look, a new logo for Nexus CIFS Ltd

As from the beginning of the month Nexus CIFS Ltd officially changed its branding using the Group Nexus logo. This follows the branding standardisation of all members of the Nexus Group of Companies. As part of this initiative email addresses have been changed, as well as the website url address. Email addresses now follow the @nexusunderwriting.com format. For example Sue Morley's email address is smorley@nexusunderwriting.com The Nexus CIFS website address is http://www.nexusunderwriting.com/trade-credit

Surety Bonds

We are now able to offer Surety Bonds through our sister company, NEXUS EBA. We can underwrite various types of bonds up to £3m any bond / £5m any one obligor in the UK, and €3m any bond / €5m any one obligor in Ireland. Our ‘USP’: - Full delegated authority as an MGA from “A” rated Capacity providers. - Our team bring over 40 years experience of both the Banking and Insurance sectors. - Access to key decision makers - In-house claims management