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Perceptive Underwriting

26 May 2020

Nexus enhances Financial Lines team with hire of Bruce Simmons as Vice President – Management and Professional Liability

PRESS RELEASE: New York, Tuesday 26th May 2020: Leading MGA Nexus Group today announces hiring of Bruce Simmons who joins Nexus Specialty in the US.

The hiring of Mr. Simmons builds on the successful launch of the new Financial Lines division, providing a full suite of Management and Professional Liability products including Miscellaneous Professional Liability, D&O, Employment Practices, Fidelity, Fiduciary, Employed Lawyers and Cyber all written on a primary or excess basis.

Nexus’s launch of their new Financial Lines suite of modular products comes at a time when the market has hardened and capacity is strained. By providing great products and “A” rated market capacity Nexus are well placed to deliver an exceptional service offering to their broker partners.

Adam Kembrooke, Chief Executive Officer and President, Nexus Group US said:

“I am delighted that Bruce has agreed to join our exciting business. His deep technical understanding of our product coverages will certainly enhance our growing US financial product lines and service offerings to the US market.”

Prior to joining Nexus, Bruce was most recently Chief Underwriting Officer of MGA Zon Re LLC and his career has included roles at Gen Re, Allied World and Axa XL Catlin all within the management and professional liability sphere.

Stacy Paquet, Head of Management and Professional Lines at Nexus Specialty commented:

“We’re thrilled that Bruce has joined the team, and I am very much looking forward to working with him to grow and develop our product and to deliver the first rate service that we have already become known for.”

Bruce Simmons, VP Professional & Management, Nexus Specialty, Inc. said: 

“I’m excited about working alongside Adam and Stacy. We share a common vision that data analytics will help drive best in class underwriting, relationship management and service deliverables to our SME clients. That vision, coupled with the entrepreneurial spirit, great culture and history of success that is Nexus created a truly unique career opportunity for me.”

 

Ends

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