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
Topics Insurance Wholesale London
Was this article valuable?
Here are more articles you may enjoy.
To Carriers’ Relief: New Florida Rule Won’t Count Mediation Requests as Complaints 
IMA Latest to Sue Howden Over Alleged Employee Poaching 
Hacking Group Claims Major Hack of Novo Nordisk and Attempted $25M Extortion 
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
