Nexus Acquires UK Managing General Agent Plus Risk
Law360, London (July 29, 2019, 5:48 PM BST) -- Nexus Group said Monday that it has acquired London-based Plus Risk Ltd., which underwrites management liability and professional indemnity insurance, to bolster its managing general agent offering in the U.K.
Nexus, which operates in nine countries, said Plus Risk's underwriters will continue working for the business and will become shareholders in the wider group following the acquisition. The underwriting team, made up of James Rasmussen and Neil Ede, will move into Nexus' London headquarters.
Nexus did not disclose the terms or price of the deal. The group, which was founded in 2008, is a specialty managing general agency — a business that...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!