Nexus considering sale, IPO and further options
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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