Nexus Underwriting News

Nexus Underwriting Completes Acquisition of Evolve in California

Nexus Underwriting completed its acquisition of Evolve Cyber Insurance Services in California. Evolve is a cyber managing general agency. The company operates out of offices in California, New York, and Texas, and has more 3,000 broking partners nationally, serving around …

Nexus Acquires Majority Stake in Dubai-Based MGA, Spectrum Risk Management

Nexus Underwriting announced that it has completed the acquisition of a majority stake in Spectrum Risk Management, a specialist MGA headquartered in Dubai that focuses on marine and property insurance and reinsurance. Financial details of the deal were not disclosed. …

People Moves: Marshall & Sterling New Senior Leadership; Rock Hired as Trium Cyber Claims Chief; Nexus Nabs Product Recall Specialist Darlea

Marshall & Sterling Names New Senior Leadership Team Marshall & Sterling Enterprises, Inc., has appointed Eric Diamond as chief executive officer. Prior to joining Marshall & Sterling in 2009, Diamond was president of JS Diamond Group, Inc., overseeing business development, …

Markets/Coverages: Nexus Creates Financial Unit; PERILS Expands Its Japan Data; Amber Secures Digital Wallet Cover

Nexus Underwriting Establishes Financial Lines Division, Nexus Frontier Independent specialty managing general agent Nexus Underwriting reports it has formed a new division, Nexus Frontier. Frontier is a financial lines MGA structure for Nexus where fronted insurance arrangements will be housed. …

Nexus Underwriting Management Ltd. to Be Renamed Kentro Capital Ltd.

Nexus Underwriting Management Ltd. (NUML), the London-based specialty managing general agent and intermediary, announced it will be renamed Kentro Capital Ltd. Nexus Underwriting (Nexus), the specialty MGA, and Xenia Broking (Xenia), the leading credit insurance and surety distribution specialist, will …

UK MGA Nexus Underwriting Forms Claims Company Called ‘Nexus Claims’

Nexus Underwriting, the London-based independent specialty managing general agent (MGA), has formed a claims company, trading as Nexus Claims. Being run independently from the underwriting companies, Nexus Claims offers claims management services to Nexus’ underwriting partners as well as insurance …

Nexus Signs 3-Year Capacity Deal with XL Catlin to Write Financial Lines in Asia

Nexus Underwriting, the independent specialty managing general agent (MGA), has signed a three year underwriting capacity deal with XL Catlin in Asia through XL Insurance Co. SE. Through its new branch based in Hong Kong, Nexus Underwriting Asia (HK) will …