Nexus buys Credit & Business Finance

Deal

The MGA has also created a broking arm, Xenia Broking Group.

Nexus Group has merged its broking activities into one business, Xenia Broking Group, and bought specialist trade credit broker Credit & Business Finance (CBF).

According to the business, CBF employs 21 staff, is headquartered in Hertfordshire and has three regional satellite offices.

It further explained that the CBF management team of Trevor Price, Matthew Green and Mark Kennedy will continue to run the business from its current offices.

According to Nexus, the plan is to merge the two

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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