Managing general agents (MGAs)

Nexus buys CIFS

Nexus Underwriting Management has bought Credit Indemnity and Financial Services (CIFS) from Novae Syndicates for an undisclosed sum.

Profits up at Transactor

Transactor Global Solutions Limited (TGSL) and associated companies has announced a 20% increase in pre-tax profits to £600,000.

MGA enters international liability market

Manchester Underwriting Management (MUM) is to enter the international market writing professional indemnity, directors’ and officers’, management liability, crime and product recall for London Market brokers.

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