Nexus Underwriting, a leading specialty Managing General Agent (MGA) with a focus on niche insurance classes, has announced the launch of a new Architects & Engineers (A&E) Professional Liability product in the United States.
The introduction of the new product is part of Nexus’s ongoing commitment to expand its Professional Liability offerings within the US market. This strategic move demonstrates the company’s intention to serve the needs of a wider range of professional clients while supporting its long-term growth objectives.
Founded in 2008 and headquartered in London, UK, Nexus Underwriting operates globally with over 320 employees across nine countries, including the USA, UK, France, Germany, Italy, The Netherlands, Spain, UAE (Dubai) and Malaysia. The company is ultimately owned by Brown & Brown Inc, one of the world’s largest insurance intermediaries.
The new A&E product offers tailored insurance coverage for architectural and engineering firms, providing up to $5m in limits for firms with up to $500m in revenue. It is available for both primary and excess business in all 50 US states and can be written on either admitted or surplus lines paper.
Nexus’s A&E liability coverage is backed by “A Rated” capacity partners, ensuring reliable protection. The offering is exclusively distributed through the company’s wholesale broker partners, reinforcing Nexus’s broker-centric approach.
This expansion aligns with Nexus’s broader strategy to build a comprehensive suite of Professional Liability products for a variety of professional sectors. The firm positions itself as a flexible and innovative provider, capable of crafting bespoke solutions for specialised market segments.
Katie Schneider, vice president, underwriting director – professional liability, said, “This is a natural expansion for the Nexus US Financial Lines team, as it looks to broaden its Professional Liability offering to include a suite of market-leading products for a broad array of professions. We are thrilled to launch our A&E product for our wholesale broker partners. Nexus is uniquely positioned to provide tailored insurance solutions and service to the design professional community with both admitted and surplus lines products.”
Stacy Paquet, CEO & president Nexus US, said, “As we continue to expand our footprint in the US, Nexus is focused on building tailored solutions for specialty segments, working closely with our wholesale brokers to meet their unique needs. By collaborating with key capacity partners, we bring innovative solutions to the market that provide real value. This ongoing growth reflects our commitment to delivering exceptional services and products.”
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