Nexus Enhances US Professional Liability Portfolio with Innovative A&E Coverage Expansion
Nexus Underwriting, a premier specialty Managing General Agent (MGA) renowned for its focus on niche insurance classes, has officially launched a new Architects & Engineers (A&E) Professional Liability product in the United States. This innovative offering aims to expand its Professional Liability portfolio while catering to a wider array of professional clients, ultimately fostering long-term growth.
About Nexus Underwriting
Established in 2008 in London and owned by Brown & Brown Inc., Nexus Underwriting has grown significantly, employing over 320 professionals across nine countries. The new A&E product is designed specifically for architectural and engineering firms, providing coverage of up to $5 million for businesses with revenues reaching $500 million. This product is available in all 50 states, utilizing both admitted and surplus lines paper.
Key Features of the A&E Product
- Coverage Amount: Up to $5 million.
- Target Clients: Architectural and engineering firms with revenues up to $500 million.
- Availability: Accessible in all 50 US states.
- Distribution: Offered exclusively through wholesale brokers.
- Backed By: “A Rated” partners for enhanced reliability.
Strategic Expansion in the US Market
Katie Schneider, Vice President and Underwriting Director for Professional Liability at Nexus, remarked, “This is a natural expansion for the Nexus US Financial Lines team as we enhance our Professional Liability offerings. We are excited to introduce our A&E product for our wholesale broker partners. Nexus is uniquely positioned to provide tailored insurance solutions for the design professional community through both admitted and surplus lines products.”
Commitment to Tailored Solutions
Stacy Paquet, CEO & President of Nexus US, emphasized the company’s dedication to creating customized solutions for specialty segments. “As we continue to expand our presence in the US, we are focused on building tailored solutions that meet the unique needs of our wholesale brokers,” said Paquet. “By collaborating with key capacity partners, we are able to deliver innovative solutions that add real value, reflecting our commitment to exceptional service and products.”
For more information on Nexus Underwriting and its offerings, visit their official website or explore related articles on insurance products and professional liability solutions.
This launch marks a significant milestone for Nexus Underwriting as they continue to enhance their service offerings and build a stronger partnership with the design professional community.
