XL CATLIN BACKS NEXIS FI ASIAN EXPANSION

XL Catlin is backing specialty managing general agent (MGA) Nexus Underwriting as it looks to expand in Asia. Nexus has signed a three year deal with XL Catlin that will see the MGA offer up to $15m in financial lines capacity from its Hong Kong office. Nexus plans to provide range of products, including directors and officers, professional indemnity and crime, to commercial businesses and financial institutions (FI) in the region. André Ford, group chief underwriting officer at Nexus, said: “This deal is a significant step forward in our exciting growth plans for the Asia region and a great opportunity for Nexus to deliver flexibility and value in the local financial lines market through partnering with XL Catlin,” he said.