‘Perceptive Underwriting’€¦ · Senior Management. Kevin is a co-founding partner of Nexus...

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P e r c e p t i v e U n d e r w r i t i n g

Transcript of ‘Perceptive Underwriting’€¦ · Senior Management. Kevin is a co-founding partner of Nexus...

Page 1: ‘Perceptive Underwriting’€¦ · Senior Management. Kevin is a co-founding partner of Nexus London. Kevin will be managing all Specialty Lines on a delegated Cover holder basis.

‘ P e r c e p t i v e

U n d e r w r i t i n g ’

Page 2: ‘Perceptive Underwriting’€¦ · Senior Management. Kevin is a co-founding partner of Nexus London. Kevin will be managing all Specialty Lines on a delegated Cover holder basis.

Jeremy Austen

Principal Officer Nexus Underwriting Asia

Kevin Gotts

Head of Specialty

Jeremy will be heading up NexusUnderwriting Asia (NUA) and overseeing alllines including Financial Lines, FI/D&O/PI,Trade Credit, Single Situation, A&H, Fine Artand Specie producing and underwriting aNon Marine Property portfolio.

• 14 years London underwriting experience Company and at Lloyd’s.

• 20 years marketing experience in Asia, as a broker and underwriter.

• Knowledge of the local Asian markets.• Extensive Asian client network. • Close relationship with leading

brokers/cedants in the Asian markets.• Known by lead supporting Syndicates and

Senior Management.

Kevin is a co-founding partner of Nexus London. Kevin will be managing all Specialty Lines on a delegated Coverholder basis. He will also be working closelywith Jeremy in producing and developingother classes written by Nexus Asia.

• 28 years London market experience. • 15 Years underwriting experience gained

as Head of Directors and Officers Nexus Underwriting Limited, Axis Specialty London, Zurich Global Corporate UK, Chubb UK and AIG UK.

• 13 Years broking Financial Lines business • Experienced at establishing a profitable

portfolio of business in financial lines • Experienced in Underwriting London

Market Asian Business • Close relationships with leading brokers

in Asian markets • Close relationships with capacity providers

"I am very pleased that at such an early

stage we have already been able to

assemble an impressive line of business

to underwrite in addition to all the lines

we cover in London. We will be one of the

first independent MGAs in the Asia

Pacific region and this is a significant

milestone in our growth plans. Jeremy

has built up an extensive client and

distribution network during his 20 years

in Asia, is well known by lead supporting

Syndicates and Senior Management all

of which will allow NUA to gain instant

recognition during its start-up phase.”

Colin Thompson

Group Executive ChairmanNexus Underwriting

Management Ltd

“Having recently joined Nexus, who

continue to pursue a dynamic growth

path into Specialty Lines insurance

making them one of the largest and

most profitable independent specialty

MGAs in the London market, the new

venture in Asia is extremely exciting

and we will shortly become the first

MGA to be granted an IARB License

by Lloyd’s - Hong Kong. I very much

look forward to helping Jeremy and

Kevin develop our business in Asia on

every level, strengthening their

underwriting reach in the region and

attracting high calibre people to come

and join them in Hong Kong,”

Tim Coles

Group Chief Executive OfficerNexus Underwriting

Management Ltd

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NUA will replicate the existing

successful Nexus portfolio

currently written in London,

as well as focusing on the

underwriting experience of

Jeremy Austen and Kevin

Gotts to broaden our scope.

NUA we will be focusing on

the following classes:

• Property Industrial All Risks• Trade Credit - Whole Account*

• Single Situation Credit• Directors and Officers and

Financial Institutions Liability• Accident and Health• Commercial Professional

Indemnity• Financial Institutions Blended

- D&O/FI/Crime• Financial Institutions

Professional Indemnity• Commercial Crime• Pension Trustee Liability• Employment Practices Liability• Fine Art and Specie • Non-Marine Treaty

Reinsurance*

• Casualty Treaty Reinsurance*

• Extended Warranty*

• Cyber*

NUA is a Hong Kong branch of Nexus Underwriting Ltd, an Independent Insurance and Reinsurance ManagingGeneral Agency based inLondon. NUA offers our Asian clients and brokersaccess to ‘A’ rated specialtylines products.

*NUA will introduce theseclasses in 2016, all focused onAsia and Asia Pacific markets.

NUA offers supportingPartners a low cost entry intothe Asian market as well asan opportunity to write andgenerate new revenueopportunities from Asia notcurrently offered into theLondon/European markets.

Summary

High profile team with over20 years experience of local

knowledge, Asian clients and business relationships

in the market

Established at Nexus inSeptember 2015

2 Underwriters

*Up to USD $23m per policylimit or local currency

equivalent

“We will work closely withour supporting Partners and

their respectiveunderwriters, enabling us toprovide a quick response to

our Asian clients andbrokers. NUA will also offer

an opportunity for itsPartners to explore and

introduce new products tothe Asian markets.”

Jeremy Austen

Nexus UnderwritingAsiaUp to

$23m*

USD

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Up to

Professional Indemnity

$8m*

Up to

Directors and Officers Liability

$23m*

Nexus Underwriting Ltd (NUL) has the ability to underwrite up to USD $8m Limit of Indemnity for the Professional Lines sector, on a co-insurance or 100% placement basis.The Professional Lines team offers exemplary service standards anda flexible approach to underwriting with innovative, tailored, industryspecific products.With many years experience, underwriting a vast array of professions,our standard product offering includes:

• Any One Claim or Aggregate basis• Primary and excess of loss• UK and EU Domiciled risks and Worldwide

Our commitment to swift, quality delivery is reflected in thedevelopment of the Nexus Portal, an easy to use online system. This offers competitive premiums, access to the Nexus suite ofproducts, fast, efficient quote and bind service and instant policy issuance.

We consider a wide range of professions:

• Accountants• Architects• Charities and Associations• Design and Construction• Engineers• Information Technology• Insurance Brokers

Nexus Underwriting Ltd (NUL) currently has up to USD $23mcapacity on any single Directors and Officers liability risk, offeringsignificant levels of financial protection for our clients through ourskilled and experienced underwriting team.Managing a business is highly complex with laws, regulations andbusiness practices constantly changing. Directors and Officers maybe held personally liable for their actions and of those they manageand supervise, potentially putting their reputation, personal assetsand independence in jeopardy. NUL understands the need toconsistently deliver high quality products, service and capacity to help protect our clients from these very real risks and support theirbusinesses as they develop and grow. Some of our D&O products can be distributed via the online NexusPortal, an easy to use system, offering competitive premiums, accessto NUL’s suite of products, fast, efficient quote and bind service andinstant policy issuance.

The D&O team provides first rate, innovative products for the following lines of business:

• Directors and Officers Liability• Pension Trustee Liability• Employment Practices Liability• Crime• Computer Crime• Public Offering of Securities Insurance (POSI)

SummaryExperienced team underwriting Professional Lines for well over 20 years

Underwriting Professional Lines at Nexus since 2010

6 Underwriters

*Up to USD $8m Underwriting Capacity limit or local currencyequivalent

SummaryExperienced team underwriting D&O for over 20 years

Underwriting D&O at Nexus since 2010

14 Underwriters

*Up to USD $23m underwriting capacity limit or local currencyequivalent

• Media Risks• Miscellaneous• Property Professionals• Surveyors

USDUSD

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Up to

Whole Turnover Trade Credit Insurance

$15m*

Up to

Single Situation Credit and Financial Risks

$15m*

USD

Nexus CIFS Ltd (trading as CIFS) is the leading Lloyd’s backed wholeturnover credit insurer in the UK. CIFS, originally established in 2000and acquired by Nexus on 1st January 2013, achieved record growthlast year and our reputation for outstanding underwriting and servicelevels was recognised by winning the Institute of Credit Management“Credit Insurer of the year” award. CIFS Underwriters have specialisttrade expertise in a number of sectors, including construction,timber, food, retail, electronics, advertising and finance.

CIFS provides first class products in the following areas:

• Domestic and/or export whole turnover credit insurance, cover against your customers’ insolvency, payment default and political risk.

• Unique products designed to enhance credit management and enable profitable sales:- First Limit, our proprietary limit opinion service backed

by insurance- Integrated Debt Collection in partnership with

STA International

SummaryExperienced team established 16 years ago

Underwriting Whole Turnover Credit Insurance at Nexus sinceJanuary 2013

19 Underwriters

*Up to USD $15m per policy limit or local currency equivalent

Nexus CIFS Ltd (trading as CIFS) provides high value underwritingexpertise in sectors as diverse as oil refining, ferrous metalmanufacturing, mining, petrochemicals, agriculture, electronics,construction and telecommunications within both the developedand emerging markets. By providing support to the growing needsof the commodity and trade finance business community on abilateral and syndicated basis, we pride ourselves on our wealth ofexperience and strong analytical capabilities. This in turn providesan invaluable service for our producers and clients.

• Domestic and export comprehensive non payment coverage• Risks underwritten in emerging market regions such as Latin

America, Asia, Africa, Middle East and Eastern Europe alongside the more developed economies of the Eurozone and North America

• We complement open account non-payment coverage with more comprehensive risk mitigation solutions across a broad range of traditional trade finance transactions such as receivable financing, pre-export finance, pre-payment obligations, reserve base lending and project finance

• USD $15m any one transaction with tenors of 15 days to up to 5 years

SummarySpecialist team with over 20 years experience of underwritingtrade credit business

Established at Nexus in January 2014

2 Underwriters

*Up to USD $15m underwriting capacity per any single transactionor local currency equivalent

USD

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Up to

Financial Institutions

$23m*

Up to

Accident and Health Insurance

$20m*

Nexus is working with UK and international clients, writing lead andfollow lines on a direct and facultative basis within the traditional Lloyd’sbroker market and SME business through regional brokers. We offer a complete spectrum of products from accident, sickness and travel covers to innovative product development services.The Accident and Health team specialises in building long termrelationships with brokers, providing solutions that enable them toservice and tailor coverage to their client’s individual risk requirements.

The A&H team serve a range of businesses and organisations through:

Nexus Corporate

With Corporate Personal Accident and Business Travel coverageemployers will be able to minimise interruption to their business thatmay be caused by sudden or long term employee absence. Coverprovides protection against death, injury and illness - including anyemergency medical expenses and repatriation.Target clients range from SMEs to large multi-national corporations.

Nexus Specialty

Nexus Specialty provides valuable solutions for any type of organisation,association or affinity group, including, but not limited to:

• Business and Professional Associations and Unions• High Risk Groups• Schools and Day Care Centres• Sports Associations• Stadium Events, Festivals, Fairs and similar events• Travelling Students and Volunteers• Youth Organisations and camps

SummarySpecialist underwriting team with 20 years experience ofunderwriting Accident and Health business

2 Underwriters

*Up to USD $20m aggregate event limit or local currency equivalent

Our experienced team understand the complexities and needs ofFinancial Institutions and offer up to USD $23m underwriting capacityon any single Directors and Officers Liability risk as well as differinglevels of underwriting capacity across other Financial Lines products.This enables us to deliver multiple relevant products to the sameclient in order to help them manage their legal, regulatory andoperational risk exposure. Our diverse client base incorporates over40 different types of Financial Institutions, including SMEs, AssetManagers and Global Financial Services companies.

We provide exceptional products in the following areas:

• Directors and Officers Liability• Pensions Trustee Liability• Initial Public Offering Insurance• Professional Indemnity for Financial Institutions• Employment Practices Liability• Bankers Blanket Bond• Computer Crime

SummaryExperienced team underwriting Financial Institutions for over 20 years

Underwriting Financial Institutions at Nexus since 2010

10 Underwriters

*Up to USD $23m underwriting capacity limit or local currencyequivalent

USD USD

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Up to

Nexus EBA

$34m*

GWP

Our position in London at the hub of the global insurance andreinsurance industry gives us access to coverage solutions andmarkets which helps to resolve difficulties and enhance our Partners’business. The company was founded by seasoned insuranceprofessionals in 1999 to serve European and worldwide clients.Simon Barker joined EBA in the early days and more recentlyChristina Spelman brought further underwriting expertise.Nexus EBA has been established to serve European and worldwideclients and currently produces USD $34 million Gross WrittenPremium per annum with a product range that includes:

• Surety• Bond• Dommages à l’Ouvrage• Architects and Engineers Professional Indemnity Insurance• General Professional Indemnity Insurance• Fine Art and Specie Insurance • Miscellaneous Casualty Insurance• Construction Plant and Machine Risks Insurance• Life and Event Cancellation

SummaryEstablished in 1999, a multilingual team of market leadingUnderwriters acquired by Nexus in August 2015

6 Underwriters

*Up to USD $34m GWP or local currency equivalent

USD

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The Nexus Group Structure

Contact our Asia team on:

Jeremy Austen Principal Officer

DD: +852 3719 8288M: +852 5208 2058E: [email protected]

Kevin Gotts Head of Specialty

DD: +852 3719 8157M: +852 5208 2055E: [email protected]

Daniel Dibden Junior FI D&O Underwriter

DD: +852 3719 8158M: +852 5208 2059E: [email protected]

Page 9: ‘Perceptive Underwriting’€¦ · Senior Management. Kevin is a co-founding partner of Nexus London. Kevin will be managing all Specialty Lines on a delegated Cover holder basis.

24th Floor, Berkshire House25 Westlands RoadQuarry Bay, Hong KongT: +852 3960 6365E: [email protected]: www.nexusunderwriting.asia

Nexus Underwriting Management LtdNexus Underwriting LtdNexus CIFS LtdNexus Underwriting AsiaNexus EBA

IARB Reg. No: 15975253