Nexus seeks funding partners for £20mn+ debt raise

Nexus Underwriting is looking to raise substantial debt to fund
a trio of managing general agency (MGA) acquisitions,
The Insurance Insider can reveal.
Debt advisory firm Clearwater has been appointed to run a
process to secure the financing, likely to be in the
£20mn-£25mn ($25mn-$31mn) range, with 15 initial
potential counterparties already whittled down to seven, sources
said.
Interest in MGAs is currently intense after cyber-focused CFC
was able to secure a buy-in from Vitruvian