Nexus inks deal with XL Catlin

Nexus Underwriting, the leading independent specialty MGA, has announced that it has signed a three-year underwriting capacity deal with XL Catlin in Asia through XL Insurance Company SE.

Through its new branch based in Hong Kong, Nexus Underwriting Asia (HK), this arrangement will enable Nexus to offer up to USD15 million Financial Lines capacity to commercial businesses and Financial Institutions across a broad range of products, including D&O, Professional Indemnity and Crime.

André Ford, Group Chief Underwriting Officer, Nexus, said: “This deal is a significant step forward in our exciting growth plans for the Asia region and a great opportunity for Nexus to deliver flexibility and value in the local Financial Lines market through partnering with XL Catlin, a strong global insurer committed to underwriting and claims excellence.”