Managing general agent, Nexus Group (Nexus) has announced that it has further bolstered the Nexus US roster of A rated carriers.
This move will allow its specialist financial lines team to be able to underwrite on an Excess & Surplus basis in addition to its existing Admitted Miscellaneous Professional Liability product.
Both of Nexus’ Professional Liability products can be purchased on a stand-alone basis or as part of a modular package with management liability coverages such as D&O, EPLI, Fiduciary, Crime, Employed Lawyers and Cyber.
Adam Kembrooke, Chief Executive Officer and President, Nexus Group US, commented: “Following the extremely successful launch of our Financial Lines division earlier this year, I am excited at the prospect of adding an E&S option to our existing suite of admitted coverage offerings. We have a broad appetite for private and not-for-profit businesses with revenues up to $250m, coverage limits up to $5m and the capability to write in all 50 states.”
Bruce Simmons, VP Professional Liability, Nexus Specialty Inc. further added: “We are delighted to now be able to offer our clients both an admitted and surplus lines solution for their professional insurance needs. We truly offer a complete solution for all small to mid-sized businesses with excellent broad coverage policy wordings, cost effective solutions and excellent service standards that are a Nexus trademark.”
