Nexus takes on Novae's regional financial lines business

The new MGA, Nexus Professional Risks, will be entirely underwritten by Novae's Syndicate 2007 and led by former Novae employees Jonathan Morgan, Lindsay Noble and Joanne Edgley. Six other Novae underwriters will also transfer to the new business.

Nexus added that the Novae London Market professional indemnity account led by Martin King will be unaffected by the sale.

Colin Thompson, group chief executive officer at Nexus Group, commented: "This portfolio represents an excellent fit for Nexus

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