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Last year, the firm obtained a Class 4 license in Bermuda which allows it to underwrite direct excess liability insurance. -
A representative from the carrier said Nexus is responding “with urgency”.
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Patel has run the MGA platform since its launch in 2017.
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Dan Prince said the firm will work with brokers’ existing relationships.
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Plus, the latest people moves and all the top news of the week.
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How is The Fidelis Partnership choosing to launch into new insurance classes as it rapidly expands?
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BP Marsh announced its backing of Amiga, which is led by Adam Kembrooke, last month.
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The MGA is expected to launch a product-recall portfolio in September.
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Apax and Carlyle will continue to back the broker consolidator.
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The insurer has hired Coface’s Hélène Martin to support its expansion.
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In the US, the index fell 6.7% year on year.
