B.P. Marsh & Partners Plc is pleased to note that its investee company Nexus Underwriting Management Limited (“Nexus”), has been ranked at number 78 in The Sunday Times International Track 200 league table, which ranks Britain’s 200 mid-market private companies in order of fastest growing international sales.
This is a prestigious group of fast growing companies across all sectors of UK business. Nexus has eight overseas offices across Europe, America and Asia. Nexus increased its international sales to £7.6m for its year ended 31st December 2018, a significant increase from £3.2m for their year ended 31st December 2016.
The Group holds an aggregate Nexus shareholding of 17.7% and has been invested since August 2014. Nexus is one of the largest independently owned Managing General Agencies in the UK insurance market, budgeting to write over £345m of Gross Written Premium across various specialty lines in the 2020 financial year.
Dan Topping, B.P. Marsh’s Chief Investment Officer and Nominee Director on the Board of Nexus has said: “B.P. Marsh is pleased to note this accolade for Nexus, which is a testimony to Nexus’ ability to deliver strong growth in international sales and expand their global footprint.”
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