Nexus Specialty hires ex-Chubb/AIG to lead claims unit

Specialty managing general agent (MGA) Nexus Group has hired ex-Chubb Mike Fried to lead its newly launched claims division for Nexus Specialty in the US.

Prior to joining Nexus, Fried was most recently managing director and chief claims officer of management/professional liability claims third party administrator LVL Claims Services. Previously, he managed high value complex claims at both Chubb and AIG during his nearly 40-year claims career.

The appointment follows the launch of a new financial lines division in the US, providing a suite of management and professional liability products supported by Professional Solutions Insurance Company (PSIC).

Adam Kembrooke, chief executive officer and president of Nexus Group US, said: “The hiring of someone as well respected and experienced as Mike shows our ongoing commitment to secure talent for our ambitious business, which continues to expand in the US specialty insurance market. I am delighted to have Mike join us and I am sure he will be a valuable asset to us, our carrier partners and most importantly our policyholders who will be in safe and trusted hands.”

Fried commented: “Nexus is an outstanding organization with an unparalleled track record, and the chance to work with them was something I could not pass up. I am grateful for this new challenge and the unique opportunity to build a market-leading claims team that will deliver quality service and consistency to our policyholders, broker partners and the carriers with whom we work.”