Nexus unit secures Lloyd’s coverholder status

Millstream Underwriting, part of specialty managing general agent Nexus Group has become an approved Lloyd’s coverholder.

Nexus acquired City of London-based Millstream Underwriting in December 2015 as an independent managing general agency specialising in travel personal accident and sickness insurance covers, primarily underwritten on a business-to-business basis.

Commenting the Lloyd’s coverholder status, Mark Copsey, development manager, Millstream, said: “We’re delighted to announce that Lloyd’s has approved Millstream Underwriting as a coverholder, representing another important step forward in our continuing product diversification and growth.

“This is great news for us, our clients and prospects, as it gives us added capacity and capabilities in our target markets. It’s also a reflection of the high quality of our team and the partners in our supply chain that deliver such an excellent service,” Copsey added.

The Nexus group is a specialty MGA concentrating on niche classes of business.

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