Nexus Group has announced the launch of Nexus Specialty in the US as a rebrand of Equinox Global. The company said that the rebrand marks a “significant step” in its quest, both through acquisition and organic growth, to become a leading specialty MGA in the US.
Nexus began operating in the US in 2017 with the acquisitions of Equinox Global 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 will allow the group to add new product lines to its portfolio.
“We continue to see fantastic opportunity for growth throughout North America,” said Adam Kembrooke, president and CEO of Nexus IS and Nexus Specialty. “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 in across our global regions. 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.”
“The reorganization 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’s overall plan for program growth and expansion in the US,” said Nexus founder and CEO Colin Thompson.
