Nexus launches financial lines MGA at Lloyd’s, plans to ‘expand quickly’ into new markets

Independent specialty managing general agent (MGA)  Nexus Underwriting has formed a new financial lines division, Nexus Frontier, that promises to bring “something different” to the Lloyd’s of London market.

Frontier is a new financial lines MGA structure for  Nexus, where fronted insurance arrangements will be housed in the new division. Nexus will utilise Accredited Insurance (Europe) as its fronting partner, supported by a panel of blue chip reinsurers. This would enable  Nexus to have access to broad territorial licenses, allowing Frontier to meet the needs of both insureds as well as brokers.

The division is a first for  Nexus at Lloyd’s. It will initially offer commercial D&O, commercial PI, commercial crime, financial institutions D&O, financial institutions PI, financial intuitions crime and pension trustee liability.

Frontier plans to “expand quickly” into new and existing markets in the future.

Frontier will be located at Box number 358 in the Lloyd’s underwriting room. The Lloyd’s box will be manned by the  Nexus Frontier team including James Rasmussen, managing director of  Nexus Frontier, 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.