Nexus gains first US MGA with ZON Re deal

Expansive MGA Nexus Group has acquired US personal accident
treaty reinsurance MGA ZON Re, backer BP Marsh announced today.ZON Re had gross written premiums (GWP) of $14.3mn in 2016,
revenue of $3.77mn and Ebitda of $2.69mn.
The business will be rebranded as Nexus Re, but will continue to
be led by ZON Re's senior management team.
ZON Re executive vice president and chief underwriter Kieron
Farrelly will be CEO of the rebranded firm, with chairman W Brian
Harrigan becoming...