Equinox Global to be rebranded as Nexus Specialty
MGA Nexus Group has launched Nexus Specialty Inc. in the US as a rebrand of Equinox Global Inc. as it looks to build the operation both through acquisition and organically to become a leading specialty MGA in the territory.
Nexus began operating in the US in 2017 when it acquired 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. The formation of Nexus Specialty Inc. will allow the group to add new product lines to its portfolio.
Adam Kembrooke, chief executive officer and president of Nexus US and Nexus Specialty, Inc. said: “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. 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.”
Colin Thompson, Nexus founder and group chief executive, said: “The reorganisation 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 US.”
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
Fidelis takes stake in new MGA Perigon Product Recall and provides underwriting Munich Re eyes key role in re/insurance industry transformation
Steve Assennata Joins IAT Insurance Group as programs chief underwriting officer
Life insurers shift to online access, research shows
Feature: 10 ways insurers are using insurtech to drive new business
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze