London-based managing general agent Nexus Group announces the rebranding of Equinox Global Inc. in the U.S. as Nexus Specialty Inc.
Nexus said the move will enhance the company’s aim to build both through acquisition and organically to become a leading specialty MGA in the U.S. market.
Nexus began operating in the U.S. in 2017 when it acquired New York City-headquartered Equinox Global Inc. and Zon Re (now known as Nexus Re) and currently underwrites personal accident treaty reinsurance and trade credit lines in the region.
Nexus Specialty Inc. aims to add new product lines to its portfolio, said the group in a statement.
“We continue to see fantastic opportunity for growth throughout North America. In addition to the continued investment in the businesses that we have already acquired in the region, we are looking to both our ‘buy and build’ strategy to identify profitable, proven, niche MGAs as well as organic growth into areas we already have substantial expertise across our global operations,” said Adam Kembrooke, CEO and president of Nexus US and Nexus Specialty Inc. “The development of Nexus Specialty will allow us to continue to grow our offering and deliver significant value to our underwriting partners, brokers and policyholders in the future.”
The rebranding from Equinox Global Inc. to Nexus Specialty Inc. “reflects the group’s evolution in the market in readiness for further product lines to be introduced, and the new operation represents another step in Nexus’ overall plan for program growth and expansion in the U.S.,” said Colin Thompson, Nexus founder and group CEO.
Source: Nexus Group
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