Nexus establishes financial lines division at Lloyd’s

Nexus Underwriting has announced the formation of a new division, Nexus Frontier. Frontier is a financial lines MGA structure for Nexus, where fronted insurance arrangements will be housed in the new division.

Nexus will use Accredited Insurance (Europe) Limited as its fronting partner, supported by a panel of blue chip reinsurers. By partnering with Accredited, Nexus will have access to broad territorial licenses, allowing Frontier to meet the needs of both insureds as well as brokers.

The new division’s initial product offering will focus on Commercial D&O, Commercial PI, Commercial Crime, Financial Institutions D&O, Financial Institutions PI, Financial Intuitions Crime and Pension Trustee Liability.

It will be located at Box number 358 in the Lloyd’s underwriting room and manned by James Rasmussen, MD of Nexus Frontier, Alex Mobbs, senior underwriter and Nexus co-founder, and Rebecca Patt, trainee underwriter.

James Rasmussen said: “We are absolutely thrilled to be launching Frontier and establishing the business at Lloyd’s. We are particularly excited to bring something slightly different to the market and there is no better place to transact business than at Lloyd’s.

“Having a presence at Lloyd’s will provide enhanced visibility for our broking partners and complements the already broad distribution channels offered by our wider financial lines team.”