Nexus
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A representative from the carrier said Nexus is responding “with urgency”. -
BP Marsh announced its backing of Amiga, which is led by Adam Kembrooke, last month.
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Starr and Axon also are among those exposed to the Marsh USA-placed $40mn line.
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Behind Axa XL, Convex wrote a 9.5% line on the all-risks reinsurance programme.
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He will work for the Spectrum Risk Management business, which was acquired by Nexus.
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The development follows news that Kentro Capital CEO Colin Thompson has resigned.
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Willett will be responsible for growing the FI team’s footprint and Nexus’ Lloyd’s box offering.
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Director of aerospace David Godley had been at Nexus since its acquisition of aerospace MGA Altitude in 2018.
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BP Marsh will receive a £51.5mn cash consideration from the sale of its 18.7% shareholding in in the company.
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The US retailer’s acquisition of the UK MGA and broking group will be mutually beneficial, according to executives.
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The deal represents a 3.41x money multiple for Kentro Capital’s largest single investor.
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