Nexus Group one of the world’s leading independent specialty Managing General Agents (MGAs), has announced its vision to become the largest specialty MGA in Asia.
In a statement, Mr Anthony Egerton, CEO of Nexus Asia, is optimistic about Nexus’ developments and shared his vision of the company’s expansion in Asia – a region that has and will continue to be its key growth driver.
“We have an ambitious goal of becoming the largest speciality MGA in Asia and achieving $50m in gross written premiums by the end of 2021. I am confident of saying that we are at the halfway mark of meeting these targets and am excited by the prospects here in Asia”, he said.
Nexus will be sending its top Asian management team to the 16th Singapore International Reinsurance Conference (SIRC), which starts tomorrow and ends on 1 November 2019, to demonstrate its commitment to Asia.
The theme of this year’s SIRC is “Winds of Change”, which addresses market challenges such as climate change, industry disruption and the impact of digitalisation. “The theme gives a prescient glimpse into the future of insurance in Asia.
“The concept of MGAs is definitely not new – especially internationally and as the markets in Asia evolve to become more developed – we will be ready to ride the winds of change as it happens,” Mr Egerton said.
Founded in 2008 and based in London, UK, the Nexus Group is an independent specialty MGA group with a focus on niche insurance classes of business. Nexus employs over 250 staff and is represented in nine countries: UK, Ireland, France, Germany, Italy, The Netherlands, USA, China (Hong Kong SAR) and Malaysia (Labuan FT).