The London-based Nexus Group, a Managing General Agency (MGA) announced the formation of a new specialist product line covering a wide range of accident, sickness and travel insurance, written on a direct and facultative basis, up to an Event Aggregate limit of £12.5 million [$21 million].
Jay Thacker, an experienced underwriter, who joined the Group specifically to develop this new class of business, heads the Nexus Accident & Health team. Nexus said it offers “a complete spectrum of products from traditional accident, sickness & travel covers to innovative product development services.”
CEO Colin Thompson commented: “This is a significant new venture for Nexus and an important step in our drive for product diversity in the specialty space. We now have the expertise to support brokers in developing this line of business with a wide appetite and broad market coverage combined with superior levels of service, and also of note is the fact that we have secured blue chip capacity support through Lloyd’s of London.
Source: Nexus Group