Allianz Global Corporate & Specialty (AGCS) and Nexus Group announced today a four year multi-product strategic underwriting and claims delegated authority agreement with immediate effect, specifically for small and medium-sized enterprises (SMEs) customers.
Leading independent specialty Managing General Agent, Nexus Group, will underwrite and handle claims for primary and excess business on behalf of AGCS, Allianz’s entity for large-scale corporate and specialty risks.
The agreement has a Gross Written Premium capacity of £50 million in the first year and covers multiple Financial Lines products – including Professional Indemnity (PI), Directors and Officers Liability, Crime and Pension Trustee Liability – for customers operating in the Financial Services and Commercial industries.