Nexus reveals goal to become largest specialty MGA in Asia

APAC region continues to be a key driver in company’s growth strategy

Nexus reveals goal to become largest specialty MGA in Asia

Insurance News

By Gabriel Olano

Nexus Group has revealed its plans to become the largest specialty managing general agent (MGA) in Asia.

In a statement, the firm said that will send its top Asian management team to the 16th Singapore International Reinsurance Conference (SIRC), which will be held from October 29 to November 01, to demonstrate its commitment to Asia and Singapore – a region that has and will continue to be its key growth driver.

Anthony Egerton, CEO of Nexus Asia, expressed optimism about the company’s developments and shared his vision of the company’s expansion in Asia.

“We have an ambitious goal of becoming the largest speciality MGA in Asia and achieving US$50 million in gross written premiums by the end of 2021,” he said. “I am confident of saying that we are at the halfway mark of meeting these targets and am excited by the prospects here in Asia.”

The theme of this year’s SIRC is ‘Winds of Change’, which addresses market challenges such as climate change, industry disruption and the impact of digitalisation.

“The theme gives a prescient glimpse into the future of insurance in Asia,” Egerton continued. “The concept of MGAs is definitely not new – especially internationally – and as the markets in Asia evolve to become more developed we will be ready to ride the winds of change as it happens.”

Egerton and his team will be at the Nexus table at the Lloyd’s Coffee House for the duration of the conference.

Related Stories

Keep up with the latest news and events

Join our mailing list, it’s free!