Nexus buys Vectura Underwriting from Aquila

Independent specialty Managing General Agency Nexus Group has acquired Vectura Underwriting, an approved Lloyd’s coverholder and marine cargo specialist, from Aquila Underwriting, for an undisclosed sum. Established in June 2007, Vectura Underwriting is led by Stephen Fletcher together with Tim Hancox. Both have relocated to Nexus’ headquarters in Leadenhall Street, London.

Nexus Marine, formerly known as Beacon Underwriters Ltd, was set up in 2009 as a Lloyd’s Coverholder to write Marine Cargo business for Asian and Middle Eastern markets and was bought by Nexus in July 2016. It is based in Hong Kong. Nexus Marine offers Cargo, Ports & Terminals, and Hull & Machinery insurance. It rebranded as Nexus Marine in March this year. Nexus Marine is headed up by Managing Director Ravi Shroff, the same role he held for Beacon Underwriters.