Nexus posts £5mn Ebitda for 2016

Independent managing general agent (MGA) Nexus Underwriting has
recorded Ebitda in excess of £5.0mn ($6.2mn) for 2016,
representing growth of 66 percent year-on-year.
The Ebitda margin increased by 25.0 percent to 28.5 percent last
year, and 11.6 percent of the growth was organic, the MGA reported
earlier today.
Gross written premiums (GWP) topped £108mn, some 56 percent
more than in 2015, while income rose by 39 percent to
£1.6mn.
The strongest performing division during 2016