Nexus considering sale, IPO and further options

Questions

Mike Sibthorpe joins as CEO of insurance and reinsurance.

Nexus Group is considering its options including a potential IPO, further stakeholder investment, a trade sale or investment from private equity in 2018.

The managing general agent described the move as a “potential shareholder liquidity event” but declined to pinpoint a preferred option.

The news came as the firm appointed Mike Sibthorpe will join as chief executive officer of insurance and reinsurance at Nexus Underwriting Management, effective April 2018.

Sibthorpe, who was previously

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

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