Nexus completes Torus Executive Risks acquisition with rebrand
Nexus Underwriting Management has taken sole ownership of Torus Executive Risks and re-named it as Nexus Executive Risks (NER).
Nexus acquired Torus Insurance Holdings' entire stake in Torus Executive Risks (TER) with effect from 30 August 2013.
According to the firm the purchase came as part of its strategic growth plan.
All employees of TER will remain employed by NER and the other underwriting agreements managed by Nexus are unchanged.
In a statement Nexus Underwriting reported: "Nexus will further develop its market leading offering in the provision of underwriting solutions for legal and operational risks in the
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