Birth of Nexus Frontier creates home for fronted insurance

Specialty Managing General Agent (MGA)  Nexus Underwriting has launched a new division called Nexus Frontier at Lloyd’s of London marking a first for the agency.

Nexus Frontier will provide a financial lines MGA structure where fronted insurance arrangements will be housed,  Nexus said.

The MGA has lined up Accredited Insurance (Europe) as its fronting partner, supported by a panel of blue chip reinsurers.

Nexus said that this will provide “very stable, well-rated insurance capacity for clients” and that by partnering with Accredited, the MGA will have access to broad territorial licences, allowing Frontier to meet the needs of both insureds as well as brokers.

Frontier’s initial product offering will focus on commercial D&O, commercial PI, commercial crime, financial institutions D&O, financial institutions PI, financial institutions crime and pension trustee liability.  Nexus said Frontier “will be able to adapt and expand quickly into new and existing markets in the future”.

The new division will be located at box number 358 in the Lloyd’s underwriting room with James Rasmussen, managing director of  Nexus Frontier, at the helm. Joining him is Alex Mobbs, senior underwriter and Nexus co-founder, and Rebecca Patt, trainee underwriter.

Rasmussen said: “We are absolutely thrilled to be launching Frontier and establishing the business at Lloyd’s. We are particularly excited to bring something slightly different to the market and there is no better place to transact business than at Lloyd’s.

“Having a presence at Lloyd’s will provide enhanced visibility for our broking partners and complements the already broad distribution channels offered by our wider financial lines team.”

Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.