Nexus Group, a specialty managing general agent (MGA), has acquired Huntington Underwriting (HUL), a structured solutions underwriting manager operating out of Labuan International Business and Financial Centre, Malaysia.
HUL describes structured solutions as bespoke, non-traditional re/insurance programmes that manage the volatility in ‘baskets’ of risks, usually over several years, incorporating aggregate limits of liability and rewarding underwriting profitability.
The Labuan underwriting manager oversees a portfolio of structured solutions business across Asia comprising a mix of proportional and non-proportional reinsurance.
Huntington is licensed by the Labuan Financial Services Authority and will continue to be run post completion by the company’s founders Gerard Pennefather and Anthony Egerton.
Nexus, Huntington, Labuan, Asia Pacific