Nexus confirms plans for two more acquisitions with further to come
Firm describes MGA market as "red hot" for new starts and potential investor interest as it buys Vectura Underwriting.
Nexus founder and executive chairman Colin Thompson has confirmed that the speciality managing general agent (MGA) is set to conclude two deals over the coming weeks.
Yesterday (29 June) Nexus bought Vectura Underwriting, a marine cargo MGA from Aquila Underwriting for an undisclosed amount.
Speaking to Insurance Age about the Vectura deal, Thompson said Nexus had worked with IMAS to identify the opportunity.
He added that the aim and focus of the acquisition was to “continue to diversify”
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