Independent specialty Managing General Agent Nexus Group has announced that Denise Socrates has joined its US Management & Professional Liability team as Vice President.
Socrates brings over 16 years’ experience in management and professional lines and was previously employed by Hiscox USA, where she managed their financial institutions business in the North East regions.
In her new role she will be based at the firm’s Morristown, New Jersey office, and help build out Nexus’ financial institutions capabilities.
Financial institutions coverage offerings will mirror the current Nexus offering in the Private Company and Not-for-Profit Management Liability space and will include Directors and Officers, Employment Practices, Fiduciary, Crime, Employed Lawyers, Cyber and E&O.
“We are delighted to have Denise join the team, which has not only been a huge success since its launch last year, but has also been a major contributor to the continuing achievements of our US operations which – despite the challenges of COVID – grew both premium and income by more than 50% in 2020,” said Adam Kembrooke, Chief Executive Officer and President, Nexus Group US.
Stacy Paquet, Head of Management and Professional Liability, added “It is a hugely exciting time for Nexus and we are confident that Denise is the right person to help us grow in the financial institutions space. I look forward to working with Denise and welcoming her to our team.”
