Swedish MGA Nexus Group has announced the rebranding of Equinox Global as Nexus Specialty to grow into a leading MGA in the region.
Nexus entered the US market two years ago with the acquisition of Equinox Global and Zon Re (now known as Nexus Re).
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At present, it underwrites personal accident treaty reinsurance and trade credit lines.
The company stated that this new move will enable it to add new product lines to its roster.
Nexus US and Nexus Specialty CEO and president Adam Kembrooke 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.”
Nexus founder and group CEO Colin Thompson 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.”
