Leading MGA Nexus Group today announces the launch of Nexus Specialty Inc. in the US as a rebrand of Equinox Global Inc. and marking a significant step to build both through acquisition and organically to become a leading specialty MGA in the territory.
Nexus began operating in the US in 2017 when it acquired Equinox Global Inc and Zon Re, (now known as Nexus Re) and currently underwrites Personal Accident Treaty Reinsurance and Trade Credit lines in the region. The formation of Nexus Specialty Inc. will allow the group to add new product lines to its portfolio.
Adam Kembrooke, Chief Executive Officer and President of Nexus US and Nexus Specialty, Inc. said:
“We continue to see fantastic opportunity for growth throughout North America. In addition to the continued investment in the businesses that we have already acquired in the region, we are looking to both our ‘buy and build’ strategy to identify profitable, proven, niche MGAs as well as organic growth into areas we already have substantial expertise across our global operations. The development of Nexus Specialty will allow us to continue to grow our offering and deliver significant value to our underwriting partners, brokers and policyholders in the future.”
Colin Thompson, Nexus Founder and Group CEO, said:
“The reorganisation from Equinox Global Inc. to Nexus Specialty Inc. reflects the group’s evolution in the market in readiness for further product lines to be introduced, and the new operation represents another step in Nexus’ overall plan for program growth and expansion in the US.”