Nexus Underwriting Management has announced the launch of its new Lloyd’s managing general agency, Nexus Professional Risk (NPR).
NPR will focus primarily on professional indemnity and management liability business and is a result of the recent purchase of the Novae Syndicates’ regional financial lines business by Nexus.
“We are delighted to be able to announce the formal launch of Nexus Professional Risks Limited following the transfer of business from Novae in October 2011,” says Colin Thompson, chief executive officer of the Nexus Group.
“It has been a busy time for the Nexus Group and the NPR team to integrate the business so that we can provide a seamless transfer of the business and continue the excellent service to our distribution partners who support the NPR platform. The realisation of this business transfer and launch of NPR means that the Nexus Group’s product mix, profitability and distribution model has been vastly enhanced.”
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Nexus, Lloyd's, Nexus Professional Risk, Colin Thompson