NEXUS EXPANDS INTO LIABILITY E&S MARKET WITH NEW BACKING

London based managing general agent (MGA) Nexus has expanded its liability offering after adding to its insurer panel. The MGA has added an excess and surplus (E&S) offering to its existing professional liability product range. The move came after the group had “further bolstered the Nexus US roster of A rated carriers”, enabling its recently formed financial lines team to now underwrite on an E&S basis in addition to its existing admitted miscellaneous professional liability product. Adam Kembrooke, chief executive officer and president of Nexus Group US, said: “We have a broad appetite for private and not-for-profit businesses with revenues up to $250m, coverage limits up to $5m and the capability to write in all 50 states.” Nexus launched its financial lines division earlier in February, 2020.