Nexus buys specialty MGA Plus Risk Limited

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Nexus has announced the acquisition of Plus Risk Limited (PRL) for an undisclosed amount.

PRL is a London-based financial and professional lines managing general agent (MGA).

Founded in 2017, the company provides management liability and professional indemnity insurance.

James Rasmussen, founder and managing director, and Neil Ede, head of management liability, will become shareholders in Nexus and move to the group’s headquarters.

Nexus will appoint a number of directors to the PRL board,

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