Nexus
-
Director of aerospace David Godley had been at Nexus since its acquisition of aerospace MGA Altitude in 2018.
-
BP Marsh will receive a £51.5mn cash consideration from the sale of its 18.7% shareholding in in the company.
-
The US retailer’s acquisition of the UK MGA and broking group will be mutually beneficial, according to executives.
-
The deal represents a 3.41x money multiple for Kentro Capital’s largest single investor.
-
The transaction is expected to close in the fourth quarter, subject to regulatory approvals. Financial details were not disclosed.
-
Prices are continuing to decline in the D&O market following significant hardening.
-
Insurance Insider previously reported that Nexus was acquiring a majority stake in the Dubai MGA.
-
Morgan Stanley has reached out to sponsors in recent weeks after initial attempts to source a US strategic tie-up.
-
The business has approached US strategic bidders including large MGAs and brokers about a deal.
-
Spectrum Risk Management will rebrand as Nexus as part of the transaction.
-
Accredited Insurance will be the fronting partner for Nexus Frontier.
-
The program, specifically for SMEs, covers a range of products within management and professional liability.
Most Recent
-
RSA, CNA settle ExCel Covid BI lawsuit
19 April 2024 -
RSA refocuses cyber capacity to InsurTech MGA Resilience
19 April 2024 -
Hadron aims for UK and Europe to make up half business
19 April 2024 -
HDI elevates Hensel to CUO
18 April 2024