Nexus hires Novae exec for non-executive role

Specialist independent managing general agent (MGA) Nexus Underwriting Management (NUML) has appointed Jeremy Adams to join its board as an independent non-executive director with immediate effect.

The announcement follows a major expansion for the Nexus Group, which recruited a new chief executive officer (CEO), Tim Coles, last month.

Since October 2001 Adams had been employed at Novae Group’s Lloyd’s MGA, where he became chief executive in 2002 and was appointed to the group board in 2004. He also managed the run-off of syndicates 1007 and 1241, at that time the largest run-offs in Lloyd’s.

Colin Thompson, executive chairman of NUML, said: “This is a massive coup for Nexus. After 35 years in the industry, Jeremy will bring his vast knowledge and many long standing connections from the broking, insurance, reinsurance and Lloyd's worlds.

“Importantly, he will also provide us with invaluable independent insight and scrutiny going forward gained from his varied and successful career to date in the industry.”