Nexus
-
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.
-
Colin Thompson will remain CEO of the entity, while Tim Coles will continue to run Xenia.
-
The confirmation comes after the intermediary agreed to buy two books of business from Parker Norfolk.
-
Tan Chai Foo will be based in Kuala Lumpur and will report to Nexus Asia CEO Anthony Egerton
-
The four-year agreement covers professional indemnity, D&O liability, crime and pension-trustee liability.
-
The firm is working with Canaccord Genuity to explore options for the business.
-
The transaction will complete in April and the business will be integrated into Credit Risk Solutions.
Most Recent
-
Daily Digest: Top news from 30 April
30 April 2025 -
Munich Re Specialty takes AIG’s Horton
30 April 2025 -
Peak Re books 84% P&C CoR for 2024
30 April 2025 -
Canopius to lead Willis follow facility Gemini
30 April 2025 -
M&A Deal Update: The German market heats up
30 April 2025