Nexus Underwriting has finalized the acquisition of a majority stake in Spectrum Risk Management, a Dubai-based Managing General Agent (MGA).
Spectrum Risk Management will now be operating under the Nexus name.
This transaction is in line with the UK group's development strategy to expand its international position and to add new activities to its range of products.
Read also | Insurance M&A: main deals concluded in 2021 and 2022 [4]
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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-200-april-2023
[4] https://www.atlas-mag.net/en/article/insurance-ma-main-deals-concluded-in-2021-and-early-2022