‘Perceptive Underwriting’
+44 (0) 20 3011 5700 tradecredit@nexusunderwriting.com


Construction Seminars

24/08/2017

We are holding the following seminars in conjunction with Hawkswell Kilvington

31st October - Thorpe Park Hotel & Spa, Leeds, LS15 8ZB
15th November - The Bristol Golf Club, Bristol, BS10 7TP
22nd November - Strand Palace Hotel, London, WC2R 0JJ

These seminars are free or charge for Nexus CIFS policyholders and brokers and will be of interest to anyone involved in any aspect of the Construction trade.

Read the full article

Nexus Acquires U.S. Based Personal Accident Treaty Reinsurance MGA from ZON Re, Launches “Nexus Re”

19/07/2017

Leading independent specialty Managing General Agent ("MGA”) Nexus Group (“Nexus”) today announces that it has completed the acquisition of the Personal Accident (“PA”) Treaty Reinsurance MGA operated by ZON Re, a U.S. based Treaty Reinsurance Managing Underwriter and Lloyd's Coverholder, via an asset purchase.

Established in 2003, the ZON Re PA Treaty Reinsurance MGA will now trade as “Nexus Re”and will continue to be led post acquisition by ZON Re’s senior management team of W. Brian Harrigan, Kieron Farrelly, Chris Holland and Vern Ismen.  All four become shareholders in Nexus, aligning the parties to grow and develop the business.

Read the full article

Nexus Acquires Specialist Trade Credit MGA Equinox Global

17/07/2017

Leading independent specialty Managing General Agent (MGA) Nexus Group today announces 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.

An international Company with offices in London, New York, Paris, Hamburg and Amsterdam, Equinox will continue to be provided with underwriting capacity by Beazley, previously its largest shareholder, through a 10-year underwriting support agreement.

Read the full article

Nexus Completes £30 Million Capital Raising

17/07/2017

Leading independent specialty Managing General Agent (MGA) Nexus Group today announces that it has successfully concluded raising capital, by way of loan facilities, totalling £30 million that will enable it to undertake further merger and acquisition activity.

B.P. Marsh & Partners Plc, the niche venture capital provider to early stage financial services businesses, has provided Nexus, in which it holds an 18.6% shareholding, a £4 million loan facility, as part of the £30 million capital fund raising exercise. The further £26 million of the loan facility came through undisclosed sources.

Read the full article

UK Construction Outlook – July 2017

11/07/2017

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.

Against this backdrop, it is the aim of this report to look at how the construction industry as a whole has performed over the past 12 months and how this performance fits into a longer term context. We will look at the short to medium term prospects across three broad areas of the market – housing, infrastructure, and commercial – focussing on the larger macroeconomic factors at play as well as strategies being pursued by the larger market players.

Read the full article

Nexus Purchases Specialist Marine Cargo Insurer MGA From Aquila

30/06/2017

Leading independent specialty Managing General Agent (MGA) Nexus Group today announces that it has 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.

Read the full article

Latest Insurance Premium Tax Increase

31/05/2017

Following the increase last October, Insurance Premium Tax  (IPT) is increasing again with effect from 1st June 2017 from 10% to 12%.

For 2 year deals the second year will be at the higher rate of IPT if the second year starts on or after 1st June 2017.

Read the full article

New Insolvency Rules

31/05/2017

The insolvency (England and Wales) Rules 2016 came into force from 6th April 2017.  They represent the most significant legislative change since the Insolvency Act was introduced over 30 years ago in 1986 and consolidate the existing rules and their amendments into a single piece of legislation.  Separate insolvency rules for Scotland will be introduced later this year.

The key aims of the changes are to increase creditor engagement in the insolvency process and reduce the administration involved and thereby increase the eventual return to creditors.

Read the full article

Late Payment of Claims Legislation

31/05/2017

The Enterprise Act came into force on 4th May 2017 and gives policyholders a right to claim damages in the event of late payment of claims.  The act applies to any insurance policy that incepts or renews after that date.  The provisions making the changes are an amendment to the Insurance Act 2015.

Under the old law, damages for late payment of claims are not recoverable from insurers and the redress for late payment is limited to the payment of interest.

Read the full article

Nexus Named In London Stock Exchange 1,000 Inspirational Companies List

16/05/2017

Leading independent specialty Managing General Agent (MGA) Nexus Group has been featured for the first time in the 2017 London Stock Exchange’s report 1,000 Companies to Inspire Britain which has just been published.

This report focuses on the UK’s most dynamic and fastest growing businesses and features a 1,000 high growth and innovative companies in the country. As well as identifying these companies, the annual report further examines in detail the opportunities and challenges facing SMEs and looks at the sectors and trends that will shape the future of the UK economy.

Read the full article

Nexus Enters Cyber Space

09/05/2017

Leading independent specialty Managing General Agent (MGA) Nexus Group announces the successful fruition of an initiative with Beazley Syndicate to provide Cyber insurance with effect from 1st May, 2017 via the existing Nexus broker network.

Nexus will underwrite the new line, offering third party cover up to a maximum limit of liability of £5,000,000 in the aggregate per policy and, in respect of privacy breach response services, up to a maximum of 250,000 records in the aggregate per policy.

Read the full article

A new look, a new logo for Nexus CIFS Ltd

04/05/2017

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

Please update your records with immediate effect.

Read the full article

Nexus CIFS Derryck Blackman Interview April 2017

25/04/2017

Risk Underwriter Derryck Blackman produces excellent monthly Retail Overview reports so we decided to catch up with him and get a snapshot for Q1 of this year.

Derryck, how have the first three months of 2017 been, what’s the overview?

Overall, British retail sales shrank at the fastest rate in nearly seven years during the past three months, despite a pickup in February, adding to signs that a major driver of Britain's economy is faltering after last year's Brexit vote.

The calm before the storm is over and the retail sector is clearly beginning to struggle. Next has reported its first fall in profits since the recession and John Lewis is cutting jobs and its famous staff bonus in order to safeguard its future.

Read the full article

Nexus Underwriting Asia Rebrands Beacon Underwriters to Nexus Marine

21/03/2017

Specialty MGA Nexus Underwriting Asia has announced following its acquisition of Beacon Underwriters Limited in July last year that Beacon is rebranded Nexus Marine with immediate effect.

Nexus will now operate two platforms from a single office in Hong Kong, underwriting the following classes of business:

Nexus Marine - Cargo, Hull and Port and Terminals insurance.

Nexus Underwriting Asia - Specialty Lines, including D&O/FI Liability, Single Situation Credit, Accident & Health, Pension Trustee Liability, Property Industrial All Risks and Commercial Professional Indemnity insurance.

Read the full article

Richard Marriage’s Insurance Day interview

06/03/2017

Richard Marriage, Managing Director, Nexus CIFS, was asked to contribute in Insurance Day’s roundtable entitle ‘Trade credit insurers face the unknown January 2017’ and this is an extract of what was published:

Are there any positive aspects associated with Brexit and the election of Donald Trump as US president for trade credit insurance market?

Richard:  “While initial reaction may have been one of fear of the unknown, in the period of relative calm we have now it is clear there are indeed good opportunities for UK plc both in the period before actual Brexit and, of course, afterwards. The UK has a rich history of international trade and, while in recent times circa 44% of our exports have been to EU members, that leaves a significant percentage of exports that go further afield. There is no reason to expect these exports to fall or change.

Read the full article

Nexus CIFS Highly Commended at CICM

06/03/2017

Nexus CIFS just missed out on a record third win at the recent 5th annual Institute of Credit Management British Credit awards ceremony held at the Lancaster London Hotel.

These awards are the recognised standard in the credit and collections industry with the awards evening seeing the credit industry's leading figures gather to celebrate the very best performers. 

For the fifth year in succession, Nexus CIFS, winners in 2013 and 2015, was short listed, and on the night received the accolade “highly commended”, in the new Credit Insurance Specialist of the Year category and Sue Morley, Client Services Director, commented:

Read the full article

STA Stats Prove the Point

06/03/2017

Karl Hague, Commercial Sales Director at STA International, debt collection partner to Nexus CIFS, has reviewed some of their clients’ cases who have used the Principal Plus option of First Place, and has advised us that these are two of the biggest success stories:

Company A- £50,366.58 placed - £55,845.81 collected
Company B- £76,260.19 placed - £84,745.21 collected

The Principal Plus option is where you instruct STA to collect their commission from the debtor as well as the outstanding debt & statutory interest.  This option came about following amendment to the Late Payment of Commercial Debts Act in 2013.  STA has seen improving results in collecting  commission from the debtor since then, with success in 71% of cases placed in 2016.

Read the full article

Surety Bonds

06/03/2017

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 

Read the full article

Press release: 2016 Financial Results Show Nexus Going From Strength To Strength

02/03/2017

Nexus Underwriting Management Limited, the leading independent specialty Managing General Agent (MGA), today announced its financial results for 2016, reporting impressive growth figures.

Read the full article

5 years in succession as winners and finalists

09/02/2017

On Tuesday evening at the British Credit Awards, we were highly commended in the CICM's new category  -
Credit Insurance Specialist of the Year. For the fifth year in succession, we have been short listed as finalists. We have been winners twice and now "highly commended".

Read the full article

Short Listed Yet Again!

07/12/2016

For the fifth year in succession Nexus CIFS has been short listed for the prestigious 2017 British Credit Awards 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.”

Read the full article

Trade Credit , Political Risk & Bond Dinner Raises £58,000

07/12/2016

Last week Sue Morley, Client services Director and Lindsey Keane, Events Manager, Nexus, were delighted to present Amanda Heaton of the Royal Marsden Cancer Charity a cheque for over £58,000 kindly witnessed by our good friend Gyles Brandreth.

This followed an extremely successful  Trade Credit dinner hosted by Nexus CIFS which took place at Old Billingsgate in November. Well known personality Gyles Brandreth entertained over 500 guests from the industry with his considerable wit and bonhomie, while Hugh Edmeads from Christies masterminded and conducted the auction that raised such an impressive amount of money.

Read the full article

Nexus CIFS Construction Seminar 15th November 2016

07/12/2016

Nexus CIFS’ brokers and clients gathered at the Strand Palace Hotel in London on the 15th November for a specialist seminar, focused on credit insurance in the construction sector. The event, in partnership with specialist law firm Hawkswell Kilvington, provided information, guidance and warning of the pitfalls of not paying enough attention to contractual clauses.

Ian Selby, Underwriting Manager Nexus CIFS, delivered the first presentation, and provided an overview of the current state of the construction sector in the UK.  Following solid growth since early 2013, 2016 has seen a definite flattening off in output.  Quarter 3 saw a drop of 1.1% compared to Quarter 2 amid suggestions the construction market may be turning downwards.  Wolseley, Travis Perkins and SIG have all announced restructuring in the UK due to a downturn in performance.  With input price inflation on the up, new order growth the weakest it’s been for three and  half years and investment being held back due to Brexit fears and concerns about the UK economic outlook it is a challenging environment.

Read the full article

Press release: Nexus CIFS Announces Single Situation Credit Cover Extensions

21/11/2016

Nexus CIFS issued the following Press release on Monday 21st Nov, 2016 

Nexus CIFS, the specialist Trade Credit insurance underwriter part of leading independent specialty MGA Nexus Underwriting, announces significant enhancements to the Single Situation Credit and Financial Risks cover it offers. With immediate effect, two specific extensions of cover to the Political Risk and Contract Frustration books of business have been implemented that will facilitate further growth and diversification and, importantly, meet the increased demand for these products. 

Read the full article

Nexus Creates New Claims Company

16/11/2016

Nexus Underwriting, the leading independent specialty MGA, is excited to announce that it has formed a new claims company trading as Nexus Claims.

Run independently to the underwriting companies, Nexus Claims 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.

Read the full article

The Nexus CIFS Trade Credit Dinner

08/11/2016

The Nexus CIFS Trade Credit dinner took place at Old Billingsgate last Thursday 3rd November in aid of the Royal Marsden Cancer Charity, where £58,000 was raised in promised contributions.

Both the targets of guest attending - 508 turned up for the evening - and money to be raised were exceeded, and the event was commendably supported by brilliant after dinner speaker, Gyles Brandreth & auctioneer Hugh Edmeads from Christies.

Read the full article

Nexus CIFS Staff News and Three Peaks Challenge

22/09/2016

We were very saddened to hear that Alison Biggar died at the beginning of September.  Alison was formerly the Risk Director of CIFS and came on board when the company was first set up.

Prior to joining CIFS, Alison was a well known underwriter having worked at Pan Financial and HMU.

Read the full article

10 minutes with James Steele-Perkins, Director, and Ed Cornish, Senior Underwriter

21/09/2016

We spent 10 minutes with James Steele-Perkins, Director, and Ed Cornish, Senior Underwriter, of the Single Situation Credit and Financial Risks team to find out what’s happening in their universe and what the future holds for them.

You offer cover for financial institutions, commodity traders, importers, exporters, manufacturers and service providers seeking balance sheet protection for large exposures, are there any new products or extensions of cover in the pipeline?

James: “The most important enhancement to our business is the addition of new risk codes to our current capabilities, and we’re actively looking to finalise this over the coming months. The successful implementation of these codes will enable us to provide a more rounded offering to our producers and clients to complement our current suite of products. In addition to this, we are seeking tenors beyond our existing five year capability for specific risk codes to match current market demand and appetite.”

Ed, you’ve recently joined the team - how it’s going?

Ed: “Whilst I’m involved on all product areas, I’m actively focusing on building the contract frustration side of the business.When I joined Nexus CIFS three months ago I was of the mindset that kick starting the contract frustration side of the business would be far easier than the reality!

Read the full article

Important System Upgrade

21/09/2016

We are delighted to announce the latest release of the cifs system which enables brokers to manage limit processing.

You can now make initial limit applications, apply for increases, process cancellations for unwanted limits and also have full First Limit access per client.

Read the full article

Latest IPT increase to take effect from 1st October 2016

21/09/2016

Following the increase last year, Insurance Premium Tax is increasing again with effect from 1st October 2016 from 9.5% to 10%.

This is how we are applying the charges.

· Polices that incept prior to 1st October and pay by instalments will be charged at 9.5% even though some of the instalment payments may be made after October 2016.

· For 2 year deals the second year will be at the higher rate of IPT if the second year starts on or after 1st October 2016.

· Additional premium for polices that incepted before 1st October 2016 may be charged at the old rate of IPT provided that payment is received by 31st December 2016. After that date the new rate of 10% will be applied to the additional premium.

Read the full article

The Insurance Act 2015 - What you need to know

18/07/2016

Important – Please Read. Policy changes.

The Insurance Act 2015 comes into force on 12th August 2016 and is the biggest insurance shake-up since 1906.  The new rules were passed by parliament last year and replace the 1906 Marine Insurance Act.

We are pleased to confirm that Nexus CIFS will be fully compliant with the new act and we are introducing an amended policy wording and proposal and renewal forms for use from 1st August 2016 onwards.

Read the full article

Nexus EBA Opens Up in Ireland

13/07/2016

London, Wednesday 13th July, 2016
Nexus EBA, part of leading independent specialty MGA Nexus Underwriting Management Limited, announces that it is establishing a branch in Ireland that will be headed up by Stephen Comerford, Senior Business Development Manager and Deputy Underwriter for Surety.

Read the full article

Nexus Acquires Hong Kong Based Marine MGA Beacon

05/07/2016

Nexus Underwriting Management Limited (Nexus) has acquired 100% of the shareholding in the Hong Kong domiciled Marine Managing General Agent, Beacon Underwriters Limited (Beacon), which marks its first overseas acquisition and the third one within the last 12 months.

Read the full article

BIBA 2016 draw.  And the winner is…

20/06/2016

In excess of 50 attendees of BIBA 2016, entered our draw for a Magnum of Champagne over 11th and 12th May. The winner was Sally Del Principe, Sales & Development Director, Credit & Surety, from A.J. Gallagher.

Read the full article

New Joiner – Ed Cornish

10/06/2016

We are delighted to announce that Ed Cornish has joined as a Senior Underwriter on the Single Situation Trade Credit team..

Read the full article

Nexus CIFS Construction Seminar May 2016

10/06/2016

At our recent construction seminar in Manchester a number of brokers and policyholders came to hear presentations by Ian Selby, Nexus CIFS Underwriting Manager, and Jonathan Hawkswell, a partner at Hawkswell Kilvington.

Ian Selby opened the session with the latest economic data, explaining output is down 1.1% on the quarter having peaked in early to mid 2015.  The indicators are that we are heading towards contraction although this has not filtered through to the insolvency figures.  In fact Q4 2015 saw the lowest level of failures since 2010.

Read the full article

Retail Sector Review by Derryck Blackman – Risk Underwriter at Nexus CIFS

10/06/2016

Consumer Confidence

Consumer confidence rose in January as shoppers eyed big purchases despite outlooks on the general economic situation remaining pessimistic. 

However, by April of this year the consumer sentiment indicator was the weakest for 15 months, as households became gloomier about the UK’s economic outlook.

Read the full article

Nexus CIFS Team News

10/06/2016

Join us in congratulating and wishing several members of the Nexus CIFS team all the very best!!!!

It’s been a busy few months for the Nexus CIFS team - Both Gavin Brown and Mark Rogers have recently got married and returned from their honeymoons in one piece.

Read the full article

Nexus CIFS Supports The Bobby Moore Cancer Fund

10/06/2016

Tony Smith, Export Underwriting Manager, Nexus CIFS Limited is once again organising a Charity Golf Day in aid of the Bobby Moore Cancer Fund.

The date for this year’s Bobby Moore Golf Day is Monday 20th June and will be held this year at Langdon Hills Golf Club, in Bulphan, Essex (http://golflangdon.co.uk/).

Read the full article

I can see clearly now…in Manchester

31/05/2016

The BIBA (The British Insurance Brokers' Association) Conference in Manchesterearlier this monthwas a huge success for Nexus.
15 underwriters travelled up from London to represent the group’s current product range, comprising Financial Lines, Trade Credit, Accident & Health, Surety, Travel, Property, Bond and Latent Defect.Also attending were CEO Tim Coles, together with Alex Mobbs, Executive Director Nexus EBA, and Richard Wynn, Director of Business Development (pictured as attached).

Read the full article

Making life (and work) easy

12/04/2016

The evidence is evident: First Limit, First Place, First Select - all designed to make things easier for our clients. Our new website is no different. If you like working on the move you’ll love the highly responsive design that gives you the same user-friendly experience whether you’re on the phone or in the office.

Read the full article

Nexus CIFS just keeps on Growing

12/04/2016

As we continue to experience significant growth in the regions and wide support for our products, we welcome Nicola Slater who joined us on 11th April 2016 as Commercial Underwriter. Nicola will be a great asset to our Underwriting Team with their enviable reputation for innovation and flexibility. Based in the Midlands, she will be responsible for the Midlands and South West whole turnover Trade Credit renewal book, broker relationships and supporting business development in the region. 

Read the full article

Marketing Campaign? First Select your Quality Leads

12/04/2016

Generate genuine credit approved sales leads based on your chosen profile at the click of a mouse. Does this sound too good to be true? Not with First Select, our new unique cost effective marketing tool, developed in association with Experian pH.

Read the full article

Construction Industry - Free Event

12/04/2016

Minimising contract problems and ensuring you receive full payment from your client are key concerns when you are involved in the construction industry. We invite you to attend an exclusive seminar that will improve your commercial and contractual awareness if you are working in this sector.

Read the full article

Follow the White Rabbit to Wonderland

12/04/2016

We are privileged to host this year’s Trade Credit, Bond and Political Risk Insurance Industry Dinner and what a memorable evening we promise you in the magnificent surrounds of The Grand Hall, Old Billingsgate. On arrival at our sparkling Winter Wonderland we invite you to enjoy a glass of fizz and listen to the young, talented Marsh Trio performing chilled acoustic vibes before enjoying a sublime supper.

Read the full article

Introducing First Place

29/02/2016

Nexus CIFS launched its Integrated Collections debt recovery service with STA International in 2011. Now the service is being expanded and renamed “First Place” in line with the suite of sales and credit management products that Nexus CIFS has developed.

Read the full article

It’s a very short list…

29/02/2016

An announcement that Nexus CIFS is proud to have made the finals of the CICM Credit Insurer of the Year category for the fourth year running. This year we were runners-up to Equinox Global.

Read the full article

Howzat! For an appeal…

29/02/2016

Following your feedback, we have improved the Limit appeal process on the CIFS system. The process is now more straightforward and intuitive for users.

Read the full article

Another phoenix from the ashes

29/02/2016

Yet another High Street retailer has used a pre-pack administration to restructure, and ultimately recover, its shipwrecked business. This time it is youth clothes retailer Blue Inc. We take a closer look at where it all went wrong.

Read the full article

Nexus CIFS adds new underwriting partners

25/02/2016

Nexus CIFS is pleased to announce increased underwriter support for 2016, coupled with higher policy limits. This includes participation from new underwriters for both whole turnover and single situation.

Read the full article

A trillion pounds of export by 2020

25/02/2016

It hasn’t been easy to predict the winners and losers in the global economy over the past decade. The BRIC economies (Brazil, Russia, India and China) that were identified at the start of the 2000’s as the largest and fastest-growing emerging market economies have all seen growth rise and fall for a variety of reasons

Read the full article

Shaking up the big four

03/02/2016

Natalie Pelczer describes a varied 2015 in the Food sector.

Read the full article

Uncertain times for youth brands

03/02/2016

Derryck Blackman reflects on the success stories and challenges of 2015 in the Retail sector. 

Read the full article

Tough times for steel and solar

03/02/2016

2015 was a challenging year in construction. Ian Selby, Mark Rogers and Paul Spinks take a look back.

Read the full article

NEXUS Support Christmas Jumper Day in Style!!

18/12/2015

The Nexus team joined in today's support to raise money for "The Daisy & The DIPG Charity". This is a relatively unknown charity in need of much more support from fundraising events across the UK.
DIPG (Diffuse Intrinsic Pontine Glioma) is a disease which strikes at the heart of childhood and it is a disease in desperate need of a cure.

Read the full article

Nexus Second Acquisition of the Year Brings Millstream Underwriting into the Group

17/12/2015

The Specialty MGA, Nexus Underwriting Management Limited, today announced that it has wholly 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. 

Read the full article

Appetite for growth

10/12/2015

2015 has been a year of change at Nexus CIFS, with a flurry of new joiners. One such change is the return of Richard Marriage as the company's Managing Director. Here, he takes a look back at the year, and speaks of his appetite to grow the business, and target ambitious goals for 2016.

Read the full article

The Year in Review 2015

02/12/2015

Another year reaches its conclusion at Nexus CIFS, and it’s time to reflect. Hear from our underwriters on the success stories and challenges of 2015.  

Read the full article

The Year in Review 2015

02/12/2015

Another year reaches its conclusion at Nexus CIFS, and it’s time to reflect. Hear from our underwriters on the success stories and challenges of 2015.

Read the full article

Domestic Risk Management at Aon Aston Villa

03/11/2015

On the 22nd October, Managing Director Richard Marriage, presented on Domestic Risk at the Aon Aston Villa seminar, with a focus of "safe growth". Here, you can see the slides that he presented. 

Read the full article

The Story Behind The Success

29/10/2015

The Single Situation Credit and Financial Risks division has played a key part in Nexus CIFS growth over the past year, and Divisional Head James Steele-Perkins says “business couldn’t be more positive”. With the division once more on course to exceed its annual targets, and continuing to attract new talent, we posed James Steele-Perkins some questions to lift a lid on the story behind the success.

Read the full article

Cash Flow Management from STA International

28/10/2015

Good cash flow management is crucial in order to maintain a healthy company that can trade and extend credit to customers. Our partners at STA International are advocates of this way of thinking, and have authored this handy guide to help business-owners manager their cash flow effectively.

Read the full article

Insurance Premium Tax Changes

21/10/2015

Insurance Premium Tax is increasing from 6% to 9.5% of premium charged on domestic turnover with effect from 1st November 2015. There is also a four month transitional period from 1st November 2015 to 29th February 2016.

Read the full article

Welcome to Our New Joiners

24/09/2015

Nexus CIFS is delighted to announce the appointment of a New Business Underwriter, Daniel Ismail, and an Underwriting Assistant, Callum Matthews.

Read the full article

SMEs are the key to achieving the UK’s goal of £1 trillion of exports by 2020

24/09/2015

The government is pushing forward with its ambitious plans for growth, and export will be a key component of that.

Read the full article

Nexus CIFS Supports Bobby Moore Cancer Fund

28/07/2015

Tony Smith, Export Underwriting Manager, Nexus CIFS Limited was instrumental in organising a Charity Golf Day that took place on 12th June at the North Weald Golf Club in Essex in aid of the Bobby Moore Fund tackling bowel cancer for Cancer Research UK.

Read the full article

The Nexus CIFS team is growing

02/07/2015

Nexus CIFS is delighted to welcome two new commercial underwriters into its team. Gavin Brown joins from Euler Hermes, and Phillip Oldfield joins with sixteen years of experience in managing credit in industry.

Read the full article

Move over start-ups, it’s ‘scale-ups’ we should be investing in

02/07/2015

‘The Scale-Up Report on UK Economic Growth’ published at the end of last year claims that if we take action now to focus on scale-ups, we will secure significant growth in jobs, taxes and wealth, and the competitive advantage of Britain for generations to come. Businesses are jumping on the bandwagon to help drive this through.

Read the full article

Nexus CIFS applauds new apprentice scheme

15/06/2015

Nexus CIFS welcomes the recent announcement by The Department for Business, Innovation and Skills (BIS) to develop a Credit Controller Trailblazer Apprenticeship Standard. The aim is to raise awareness of Credit Management as a profession and of course to equip the next generation of talented newcomers with all of the relevant skills that they need.

Read the full article

Nexus CIFS Construction Seminar with Hawkswell Kilvington

15/06/2015

Nexus CIFS’ brokers and clients gathered at the Strand Palace Hotel in London on the 14th May for a specialist seminar, focused on credit insurance in the construction sector.

Read the full article

First Limit and a new sales opportunity

15/06/2015

A thoroughgoing operational review of Nexus CIFS’ First Limit service has revealed that more than 85 per cent of limit requests have been met with a positive response, enabling CIFS policyholders in the vast majority of cases to commence trading immediately – and securely – with new customers.

Read the full article

What shall I do if my customer becomes insolvent?

12/05/2015

When you receive a notification of an insolvency of one of your customers, it is vital that you send this notification to us at the earliest convenience so that we can arrange attendance at the meeting of creditors.

Read the full article

Special Purpose Vehicles - Threat or Opportunity?

12/05/2015

Take a look at Ian Selby's article on Special Purpose Vehicles and the challenges that they provide for those underwriting their trade credit. A longer version was recently published in CICM’s member journal Credit Management. Should SPVs be seen as a threat or an opportunity? 

Read the full article

Useful guidance for Retention Of Title claimants

21/04/2015

The recent high court decision Blue Monkey Gaming Ltd .v. Hudson & others provides useful guidance for ROT claimants. A retention of title clause in a contract says that the seller retains title (or ownership) in the goods, even after they are delivered to the buyer, until he has received payment for them.

Read the full article

A fresh chapter for Nexus CIFS with new Managing Director

30/03/2015

CIFS has a new managing director. Well, perhaps “new” is not the right word. For the man in question is Richard Marriage – a co-founder of the company in 2000 and one of the formative influences in its early development.

Read the full article

City Link – And the winner is….

30/03/2015

With City Link administrators E&Y recently revealing "there is no prospect of any funds becoming available to unsecured creditors…" - and concluding there is no point in holding a creditors' meeting - we take a look at who the winners and losers are from the City Link collapse.

Read the full article

CIFS Wins Credit Insurer of the Year Award

17/02/2015

Nexus CIFS has been awarded the title of Credit Insurer of the Year during the annual Chartered Institute of Credit Management (CICM) awards gala.

Read the full article

Grexit – Who will blink first?

17/02/2015

It’s not often there’s a chance to see history in the making, but whatever the outcome of the current negotiations surrounding the financing of Greek debt, the consequences are bound to have a momentous and long-lasting impact across Europe – our largest trading partner.

Read the full article

City Link – The shape of things to come?

19/01/2015

The recent collapse of City Link points to a new climate, where private equity investors take a more hard-headed approach and pull the plug on companies whose recovery timeframes don’t match their corporate objectives.

Read the full article

CIFS expands underwriting partners

19/01/2015

Nexus CIFS has finalised its 2015 underwriting programmes and we are pleased to announce three new partners and an increased line size for single situation credit.

Read the full article

Investing in our export capabilities

16/12/2014

A major investment in new information sources, together with the appointment of a highly respected industry figure to the new post of Export Underwriting Manager, will enable CIFS policyholders to expand their export business with confidence.

Read the full article

Strengthening our leadership

16/12/2014

CIFS has further streghthened its leadership with the appointment of Richard Marriage as Managing Director of Nexus CIFS Limited and the promotion of Bob Lilley to Executive Chairman.

Read the full article

The Single Situation Division

14/11/2014

The Single Situation Credit and Political Risks division forms a separate business unit within CIFS, headed up by James Steele Perkins and ably assisted by Adam Clark, and provides specific account insurance solutions for financial institutions, commodity traders, importers, exporters, manufacturers and service providers seeking balance sheet protection for large exposures.

Read the full article

Welcome to our new Export Underwriting Manager

02/11/2014

Nexus CIFS is delighted to announce the  appointment of  Tony Smith, a Credit Risk analyst and underwriter specialising in Export Risk, to the new position of Export Underwriting Manager.

Read the full article

Phones 4u - Making the case for credit insurance

06/10/2014

The recent sudden demise and rapid disappearance from the High Street of Phones 4u, following EE’s decision to curtail its supply contract, will have stunned many credit managers.

Read the full article

Welcome to our new Risk Underwriter

29/09/2014

Leading credit insurer Nexus CIFS has further strengthened its risk underwriting team with the appointment of Dominic Rice.

Read the full article

Letter Of Intent - Be Aware Of The Risks

11/09/2014

A sharp warning to businesses undertaking construction projects under a Letter of Intent (LOI) was given at CIFS’ recent Contractual Awareness seminars in Birmingham & Manchester by Jonathan Hawkswell, partner in specialist construction law firm, Hawkswell Kilvington...

Read the full article

Moving A Mountain

03/09/2014

In 2007-8 CIFS led an industry-wide campaign to redress the balance between unsecured creditors and the beneficiaries of pre-pack administrations. The seeds were sown and a thorough review of the pre-pack regime was comissioned by the Government. That review - undertaken by a senior accountant, Teresa Grahamhas - has now been published. Gratifyingly, it recognises the need for regulation...

Read the full article

Introducing New Starter Roxanne Thornhill

18/07/2014

We are pleased to announce that Nexus CIFS Ltd (CIFS) has appointed Roxanne Thornhill as a new Claims Underwriter.

Read the full article

Learning The Lessons Of The Gherkin

19/05/2014

The Swiss Re building or 30 St Mary Axe? No, to most Londoners – indeed most Britons – the award-winning, Lord Foster-designed building, voted the capital’s favourite skyscraper is simply: “The Gherkin”.

Read the full article

Risks And Rewards In The Pigmeat Business

19/05/2014

Export outlook strong for pigmeat producers but also presents credit challenges, says Natalie Pelczer, CIFS food sector risk underwriting specialist.

Read the full article

New Visual Identity for CIFS

01/05/2014

Today sees the first appearance of our new CIFS logo, designed to accentuate our positive alignment within parent group Nexus Underwriting Management.

Read the full article

Integrated Collections: The Proof It’s Working in 2014

23/04/2014

A look, 3 years on from launching, at how our Integrated Collections service is helping businesses manage their credit risk and prepare for the future...

Read the full article

Will Russian Fall Out Affect UK Business?

02/04/2014

With 40,000 Russian troops stationed “on exercises" on its eastern borders the situation in Ukraine is clearly both highly volatile and unpredictable. James Steele-Perkins, Head of CIFS’ Single Situation and Political Risks Division, argues that the present situation poses risks for credit managers across the economy – not simply those with direct exposure through Russian trade...

Read the full article

New Risk Underwriter for CIFS

31/03/2014

Leading credit insurance specialist Nexus CIFS has expanded its risk underwriting team with the appointment of Paul Spinks...

Read the full article

Beware the March of the Zombies

07/01/2014

We’ve frequently remarked that opportunities and threats often go hand in glove, so with sales risking, employment on the upturn and business confidence indices rising across Europe, the current mood of optimism amongst many UK businesses should perhaps not be altogether untempered.

Read the full article

CIFS Set to Expand Single Situation Capability

07/01/2014

Joining CIFS next month is experienced trade credit professional James Steele-Perkins, who arrives with an impressive track record at such companies as Willis, Chubb, Ace Group and latterly Starr Underwriting.

Read the full article

CIFS Hires Business Analyst

27/11/2013

CIFS has appointed Allie Macleod to the new role of Business Analyst.

Read the full article

CIFS Appoints Risk Underwriting Manager

27/11/2013

Ian Selby has been appointed to the position of Risk Underwriting Manager.

Read the full article

Nexus CIFS Launches New Single Risk Credit Division

27/11/2013

Nexus CIFS has recruited a new team and established an exclusive division that will focus on single situation credit risk business in the Lloyd’s market.

Read the full article

CIFS Seminars Stress Contract Legislation Key to Prompt Payment

27/11/2013

With the recent consultation announced by the Prime Minister, no less and the European Commission’s Late Payment Campaign’s continuing focus on the pernicious effect of businesses paying customers beyond terms, two recent seminars for CIFS policyholders and brokers on how to be paid more quickly could not have been more timely.

Read the full article

Derryck Blackman on the Retail Sector

03/10/2013

The much-beleaguered UK retail sector is at last showing some long-awaited signs of recovery, says CIFS specialist risk underwriter, Derryck Blackman. “We are certainly seeing some green shoots coming through and there are a number of examples of significant strength in the sector,” comments Derryck. “Debenhams have been strong in clothing and House of Fraser look set to revive its flotation plans. In digital goods Curry’s has benefited from the demise of Comet.

Read the full article

Thank Goodness That’s Over?

04/09/2013

So, the data shows growth at last in the UK economy, business failures are declining, construction activity’s up and unemployment’s down. And now, the eurozone’s bouncing back (even Portugal turned in 1.1% growth in the last quarter.)

Read the full article

Nexus Shortlisted for Top Insurance Award

04/09/2013

CIFS’ parent, the Nexus Group, has been shortlisted for a prestigious Insurance Insider Honours Award – with the result to be announced on Thursday at London’s historic Old Billingsgate venue.

Read the full article

Trust is key to credit insurance expansion from 2013

31/07/2013

Emotion and trust play a role in all key business relationships – a concept of particular relevance to the credit insurance market, says Professor Richard Taffler of Warwick Business School

Read the full article

1688 and all that

04/07/2013

If history had taken a different turn Edward Lloyd could possibly have become the head of a 17th century Costa Coffee, such was the entrepreneurial drive of the founder of one of London’s first coffee emporiums.

Read the full article

Natalie Pelczer on the Food Sector

11/06/2013

It’s an uncertain climate for food businesses according to Natalie Pelczer, CIFS Risk Underwriter specialising in the sector. Often characterised by investors as comprising some of our ultimate defensive stocks, food companies have been hit by a series of double – and even triple whammies over the past year.

Read the full article

You couldn’t make it up

06/06/2013

Only in the UK? The Financial Times recently reported that the Insolvency Service was in some danger of becoming…..err…..insolvent.

Read the full article

Help at Hand

06/06/2013

Although there’s a danger that the Government’s Help to Buy scheme will fuel price rises, it does appear to be driving a boost in new house building.

Read the full article

A Taxing Problem

06/06/2013

When an industry giant like Tesco’s cites the tax advantages of online retailer Amazon as part of the rationale for a major reorganisation of its product portfolio it’s time to take notice.

Read the full article

A Nasty Surprise

06/06/2013

A small step to help small businesses trading overseas was announced in June with a proposal for a European Account Preservation Order (EAPO).

Read the full article

Taking an Interest

06/06/2013

New regulations allow for 8% above base to be charged CIFS has in the past loudly championed the cause of bodies like the Forum of Private Business in their efforts to combat the pernicious effects of late payment on suppliers of goods and services.

Read the full article

Ian Selby on the Construction Sector

06/03/2013

First the good news. Output in the construction sector grew for the first time in the last three months of 2012 – the first rise in six quarters. Figures from the Office for National Statistics point to relatively buoyant growth in private housing and infrastructure, and the 0.9 per cent uptick was higher than the 0.3 per cent growth the ONS had initially forecast. What’s more construction output is predicted to rise in 2014.

Read the full article

New Team Member

06/03/2013

We are pleased to announce the appointment of Mark Rogers to our Risk Underwriting team.

Read the full article

Behind Burdens

06/03/2013

If there’s one thing that defines CIFS’ corporate “philosophy” it’s that underwriting excellence must be backed by meaningful and open communications if we’re to provide policyholders with sustained business benefit.

Read the full article

A night to remember

07/02/2013

CIFS is delighted to tell you of our fantastic victory in the Credit Insurer of the Year category at last night’s ICM British Credit Awards.

Read the full article

CIFS makes shortlist for ICM Awards

01/01/2013

News has came though this week that CIFS has reached the shortlist for the Best Credit Insurer category in the prestigious ICM British Credit Awards.

Read the full article

CIFS Underwriting Capacity for 2013

01/01/2013

Following the recent announcement about our impending change of ownership, we continue to enjoy great support from the Lloyd's market and are delighted that Novae will continue to provide some of our underwriting capacity.

Read the full article

New Joiner - Natalie Pelczer

01/01/2013

We are delighted to announce the appointment of Natalie Pelczer to our Risk Underwriting team.

Read the full article

Important news from Nexus Group

01/01/2013

New Lloyd's Managing General Agency Formed by Nexus Group to Underwrite Trade Credit Indemnity.

Read the full article

Rooftop Appeal

05/12/2012

We take our hat off once more to the Forum of Private Business who continue to embarrass the banks over their record on handling to small businesses.

Read the full article

The Price is still not right for Construction sector

05/12/2012

First the good news. According to the Royal Institution of Chartered Surveyors tender prices for building contracts are 4 per cent higher then in 2010. The bad news is that this rise has been superseded by a 7 per cent hike in material prices like sand, gravel, cement and fuel. The pressure on margins means contractors are simply unable to absorb further cost increases, says RICS.

Read the full article

Is Government Business Good Business?

05/12/2012

The news of chief executive Philip Fellowes-Prynne falling on his sword as profits collapsed at road and waste management company May Gurney is a salutary reminder of the danger of over-reliance on government contracts.

Read the full article

Who’s to blame for the dying Comet?

05/12/2012

So we have another spectacular collapse in the retail sector and once again it's the big bad credit insurers who're to blame.

Read the full article

Construction Act changes detailed

12/11/2012

Important changes to the law governing construction contracts were covered in detail at two CIFS seminars in London and Wakefield.

Read the full article

CIFS Moves To Nexus

16/10/2012

Novae Syndicates Limited (Novae) is pleased to announce it has exchanged contracts for the sale of its Credit Indemnity and Financial Services (CIFS) business to Nexus Underwriting Management Limited (Nexus).

Read the full article

CIFS Construction Seminar - Key Commercial and Contractual Issues

14/09/2012

CIFS is hosting an exclusive seminar to discuss the recent changes to the construction act. The seminar will be delivered by Hawkswell Kilvington, specialist engineering and construction solicitors and, whilst normally a chargeable event, is being offered free to all CIFS policy holders.

Read the full article

One year after launch, there is proof that First Limit helps CIFS policy holders

10/08/2012

It's now a year since the launch of First Limit, CIFS' automated decision tool that delivers an instant response to requests for trading limits under policyholders' discretionary limit.

Read the full article

Some Gloom - Not Doom

19/06/2012

Every headline seems to point to impending economic disaster - and the downward revision of the quarterly GDP figures that heralded our entry into double dip recession has only accentuated an already bleak outlook. Yet this stark backdrop also masks surprisingly positive data.

Read the full article

A modest proposal

01/06/2012

We note with interest that HMRC is participating in the Forum of Private Business-inspired Business Buddy scheme. Revenue inspectors will work within small businesses to get a more informed idea of just what goes on in the companies they seek to tax.

Read the full article

We’re talking RoT

20/04/2012

It's hard to see the Government's decision - following 18 months' consultation - to abandon planned reforms to regulations covering pre-pack administrations as anything other than a climbdown in the face of intense lobbying by insolvency practitioners.

Read the full article

The Devil’s in the Detail

05/04/2012

The latest edition of the Dun & Bradstreet's highly-respected Quarterly Report makes particularly interesting reading - not least for the note of cautious optimism it strikes against a background of economic doomsaying.

Read the full article

Nine out of 10…

29/03/2012

Nine out of 10... that's the hit rate racked up by CIFS policyholders using our First Limit service to get an instant trading limit on potential customers.

Read the full article

STA International

23/01/2012

After 10 years STA have changed their name from STA Graydon to STA International effective Wednesday 18 January 2012

Read the full article

What’s happening to the cranes?

18/01/2012

When Risk Underwriter Ciaran Byrne joined CIFS in 2009 he could look from his office and count 20 gigantic cranes adorning the City skyline. Now he's seeing a goodly number of them being dismantled - a stark illustration of the dramatic contraction in the UK construction sector.

Read the full article

Blackman on Retail

03/01/2012

Derryck Blackman puts KPMG's warnings for the retail sector under the microscope. Just what do you need to do to manage the growing risks of trading in this sector.

Read the full article

Don’t panic

13/12/2011

Unemployment's up. The Office for Budget Responsibility is cutting growth forecasts. We're not building enough houses and the eurozone's in a state of near collapse.

Read the full article

Seeing’s believing

13/12/2011

Early adopters of CIFS' First Limit system for automatic DL decisions are reporting increasing use as the benefits of the product become increasingly apparent. As a CIFS policyholder now you can access a FREE First Limit demonstration.

Read the full article

The danger of unintended consequences

13/12/2011

If audit requirements for smaller companies are relaxed, the Government may find insurers are no longer able to assess their credit risk accurately. In which case there's a danger cover may be hard to find, warns Bob Lilley. Presumably not what our legislators are seeking to achieve.

Read the full article

CIFS’ approach under FT scrutiny

13/12/2011

In a recent Financial Times article respected commentator Tony Jackson contrasts the intuitive judgement of market analysts with the more empirical perspective developed for CIFS by Professor Richard Taffler of Warwick Business School. Which do you choose?

Read the full article

CIFS reclassifies Greece as an ‘A2’ country

20/10/2011

As a result of the ongoing economic uncertainty in Greece and the likelihood of Greece defaulting on its debt repayments, we have reclassified Greece as an 'A2' country. This means that Greece is no longer included automatically as one of the countries covered by the policy and a specific request must be made for it to be added.

Read the full article

Named and shamed

07/10/2011

One of the most on-the-ball initiatives to support small businesses is the Forum of Private Business' Hall of Shame - a list of larger companies who are deliberately squeezing their suppliers through late, or extended payment terms. Its well worth your support, say CIFS.

Read the full article

Hard hit by fraud

07/10/2011

As growth continues to be elusive fraud has become the number one issue for police forces throughout the country. And it's not simply a white-collar crime - all kinds and sizes of businesses are affected. CIFS policyholders need to take a few simple precautions, says Sue Morley.

Read the full article

Geaves plays it safe with First Limit

07/10/2011

Gaining new business in current competitive conditions requires you to be fleet of foot. And if your target market tends towards the smaller business it's not without risk. One CIFS policyholder is using our new First Limit service to facilitate the rapid exploitation of new business opportunities.

Read the full article

Getting it in

07/10/2011

"A sale is not a sale until the goods are paid for." Yes, that could be from Credit Management 1.01. It's trite but true though. And with every major survey suggesting payment terms are increasingly stretched, we asked Colin Thomas of CIFS' debt collection partner, STA Graydon, why some companies are better than others at getting the money in.

Read the full article

An Unpalatable Decision

27/06/2011

Those readers of a certain age will have felt a pang of regret at hearing the news that wine retailer Oddbins has gone into administration.

Read the full article

Government move on Pre-Packs

27/06/2011

Readers of our past news will be in no doubt of the strength of our opposition to the abuse of pre-pack administrations.

Read the full article

This Sporting Life

27/06/2011

Trading with sporting businesses has for some time been a commercial decision that requires careful consideration.

Read the full article

Payton on Timber

27/06/2011

In a recent hard-hitting interview with leading trade magazine, Timber Trade Journal, CIFS Underwriting Manager, Neil Payton, warned that relying on long-term business relationships could be a "recipe for disaster" in the current uncertain economic climate.

Read the full article

CIFS Updated

27/06/2011

In the first major revision of the company's web presence since our formation in 2000, the CIFS website has been revamped to feature a vibrant new corporate identity.

Read the full article

CIFS introduces new First Limit service

27/06/2011

Lloyd's credit insurer Credit Indemnity & Financial Services has introduced a new service - First Limit - enabling policyholders to obtain instant on-line decisions on appropriate trading limits with their business partners.

Read the full article

Lloyd’s Syndicates Back CIFS Expansion

13/12/2010

Lloyd's credit insurer, Credit Indemnity & Financial Services (CIFS), has implemented a new insurance capacity programme which sees some of the most prestigious of Lloyd's syndicates participating in the company's growth plans.

Read the full article

New Appointments at CIFS

01/11/2010

We are delighted to announce the appointment of Stuart Yates as Senior Commercial Underwriter of new business at CIFS.

Read the full article

CIFS introduces new Integrated Collections Service

21/07/2010

Lloyd's credit insurer, Credit Indemnity & Financial Services, has introduced a new Integrated Collections Service designed to provide policyholders with certainty that outstanding overdue debts will be speedily paid under their policy.

Read the full article

View from the Bridge

28/05/2010

At CIFS we like to say we "had a good war" during the past two years - in possibly the toughest economic conditions any of us has experienced.

Read the full article

New Risk Management Head at CIFS

13/04/2010

Neil Payton has been appointed Underwriting Manager at Credit Indemnity & Financial Services. He succeeds Richard Marriage, who has been with the company for some 10 years and leaves to join Euler Hermes as part of its World Agency unit.

Read the full article

Credit Insurance “Aftershock” predicted

26/02/2010

Bob Lilley, MD of Credit Indemnity & Financial Services (CIFS), TTF's credit insurance partner, is warning of the danger of a credit insurance "aftershock", as dire trading conditions in the past 18 months impact on published accounts.

Read the full article

A Taste of the Macabre

14/02/2010

One of the more depressing recent news stories centred on bookmakers Paddy Power making a book on which airline would be the next to collapse.

Read the full article

What goes around comes around…

20/01/2010

The first in an occasional series of commentaries on market conditions and current issues in credit management from the CIFS management team. First up: managing director, Bob Lilley.

Read the full article

Risk Review: text of an email to policyholders from Richard Marriage, Underwriting Manager

28/08/2009

The ongoing risk review we've undertaken to ensure our insureds benefit from optimal protection in today's unprecedented economic conditions depends in large measure upon the co-operation and support of brokers and policyholders. Providing us with detailed financial and trading data enables us to make informed and appropriate decisions on the credit limits we provide on your trading partners.

Read the full article

Government top-up scheme: text of a letter to policyholders from Bob Lilley

24/04/2009

You may have seen in today's Budget proposals that the government is to introduce a credit insurance guarantee scheme and I am writing to outline our thinking on this project. In our initial view the government's scheme as presently constituted is a short-term response to the rapid and drastic reduction of cover across certain high-profile sectors by some of the credit insurers.

Read the full article

New appointment at CIFS

16/01/2009

Ian Selby and Victoria Johnson have joined Credit Indemnity & Financial Services, the specialist credit insurance subsidiary within the Novae Group, as risk underwriters, from similar positions with Euler Hermes.

Read the full article

CIFS Newsletter Competition Winner

07/10/2008

Currently downloading his music collection to a brand new I-pod Touch is Richard Lincoln, Financial Director of Lancashire-based Atkinson & Kirby, the lucky competition winner in our last CIFS Newsletter.

Read the full article

CIFS Sees Growth In Credit Insurance Market

31/01/2008

Credit Indemnity & Financial Services, the specialist trade credit insurer within the Novae Group, is looking to begin a new growth phase with the announcement of major policy enhancements as well as plans for expansion through participation in syndicated risk placements.

Read the full article

Time to re-assess balance sheet threat

10/12/2007

What is the risk of one of your debtors defaulting? High and rising, says Bob Lilley

Read the full article

Business failures jump by 12 per cent in first half

25/09/2007

According to figures produced for CIFS by leading data supplier, D&B, failures amongst UK businesses jumped by nearly 12 per cent in the first half of this year compared with the same period a year ago.

Read the full article

GENERAL ENQUIRIES

Nexus CIFS Ltd

Registered Office:
150 Leadenhall Street
London EC3V 4QT
T: +44 (0) 20 3011 5700
W: nexusunderwriting.com/trade-credit
E: tradecredit@nexusunderwriting.com

Nexus CIFS Ltd is an Appointed Representative of Nexus Underwriting Limited, which is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 494805).