Reinsurance News
Nexus
Nexus Re promotes Chris Holland to President of A&H Reinsurance
21st June 2022
Nexus Re in the US has announced the promotion of Chris Holland to President of Accident & Health Reinsurance. A 30-year industry veteran, Holland will take over the role from Kieron Farrelly, who has recently retired. Holland has worked at Nexus Re since 2012, most recently as Vice President and Senior Underwriter ... Read the full article
Nexus completes £70mn refinancing deal
13th October 2021
Independent specialty intermediary Nexus Group has successfully completed its £70 million refinancing effort via a loan facility with Barings. This previously-announced facility will be utilised in two ways, with £50 million being used to refinance existing debt and meet upcoming deferred consideration payments, with the balance available for new acquisitions. Furthermore, ... Read the full article
BP Marsh expands Nexus stake to 19% following refinancing success
8th October 2021
Specialist early-stage investor B.P. Marsh & Partners has announced the successful completion of a refinancing exercise that’s seen the early repayment of £4 million in loans. Simultaneously to this refinancing, B.P. Marsh has acquired a further 2.49% shareholding in Nexus, from a founding shareholder. Nexus has now secured a new £70 million ... Read the full article
Nexus names Tan Chai Foo as Head of Treaty Reinsurance, Asia
23rd August 2021
Independent specialty Managing General Agent Nexus Group has announced the appointment of Tan Chai Foo as Head of Treaty Reinsurance, Asia. Based in Kuala Lumpur, Malaysia, Chai Foo will help to expand the existing structured reinsurance activities of Labuan-based Nexus Structured Solutions into more traditional treaty reinsurance business In this capacity, he ... Read the full article
Nexus names Agatha Liberatore as Head of Trade Credit, US
5th August 2021
Independent specialty Managing General Agent Nexus Group has appointed Agatha Liberatore as Head of Trade Credit in the US. An experienced trade credit and political risk leader, Liberatore brings over 20 years of experience in the insurance sector. She joins Nexus from Aon’s Credit Solutions team where she held the role of ... Read the full article
Allianz and Nexus enter four-year financial lines agreement
5th May 2021
Allianz Global Corporate & Specialty (AGCS) and Nexus Group have entered into a four year multi-product strategic underwriting and claims delegated authority agreement for small and medium-sized enterprises (SMEs) customers. Specialty managing general agent Nexus Group will underwrite and handle claims for primary and excess business on behalf of AGCS, Allianz’s ... Read the full article
Nexus adds Denise Socrates to expand FI capabilities
17th February 2021
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 ... Read the full article
Nexus acquires marine business from Hiscox MGA
6th January 2021
Independent specialty Managing General Agent Nexus Group has acquired the marine business (HMM) from Hiscox MGA. The purchase was via an asset purchase into Millstream Underwriting, a Nexus Group company specialising in consumer insurance. HMM was originally established in 2012 and underwrites yachts and the marine trades industry. Hiscox will continue to provide underwriting ... Read the full article
Nexus develops reinsurance deal for Turkey’s Koru Sigorta
5th January 2021
Independent specialty MGA Nexus Group has announced that its Labuan, Malaysia-based subsidiary, Nexus Structured Solutions, has developed a 10-year structured reinsurance deal for Turkish insurer Koru Sigorta Anonim Şirketi (Koru Sigorta). The deal covers Koru Sigorta’s Motor Third Party Liability (MTPL) book of business with capacity provided by an ‘AA-‘ rated ... Read the full article
Nexus announces partnership with Crum & Forster
13th October 2020
Specialty managing general agent Nexus Group has entered into a strategic partnership with Crum & Forster (C&F), a US-based top national property and casualty insurer and subsidiary of Fairfax Financial. As part of the deal, C&F will work with Nexus to establish a platform in London that will permit the continued ... Read the full article
Nexus Group strengthens US roster of carriers
30th September 2020
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 ... Read the full article
Nexus shuffles management following launch of Xenia Broking Group
9th September 2020
Independent specialty Managing General Agent Nexus Group has announced a reorganisation in its management team following the recent launch of Xenia Broking Group. Xenia is the independent broking arm of Nexus and was formally united under a single trading name and brand in August. Tim Coles will hands over his COO ... Read the full article
Nexus unites trade credit broking under Xenia brand
19th August 2020
Xenia Broking Group, the independent broking arm of the Nexus Group, has formally united under a single trading name and brand - Xenia. Nexus acquired Credit Risk Solutions (CRS) in October 2017 and Credit and Business Finance (CBF) in April 2019. Xenia is among the largest specialist trade credit and surety ... Read the full article
Nexus hires Yeo from Aspen to lead Accident & Health in Asia
7th August 2020
Acquisitive insurance intermediary, Nexus has announced the appointment of Justin Yeo as Head of Nexus Accident & Health, Asia to further boost its ambitions in the region. Yeo will be based in Singapore when joining the new Nexus Accident & Health division that has been created to build a diverse global ... Read the full article
Nexus bolsters FL division with appointment of Bruce Simmons
27th May 2020
Specialty Managing General Agent (MGA) Nexus has announced the appointment of Bruce Simmons to its US operations as Vice President – Management and Professional Liability. Simmons joins Nexus' Financial Lines division from Zon Re, where he served as Chief Underwriting Officer. Before that, he worked at companies including Gen Re, Allied World ... Read the full article
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