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Nexus closes deal for Malaysian underwriting manager

U.K. insurer Nexus Underwriting Mgmt. Ltd. has completed its acquisition of Malaysia-based underwriting manager Huntington Underwriting Ltd.

Gerard Pennefather will serve as the chairman and Anthony Egerton as managing director of the underwriting manager, which will be re-branded and traded as Nexus Structured Solutions.

Pennefather has more than 35 years of experience in insurance, corporate finance, banking and consultancy, while Egerton has previously served as a president of the Asia-Pacific region for Lloyd's of London Singapore.

Additionally, Colin Thompson, Mike Sibthorpe and Stuart Rouse will be appointed to the board, subject to requisite approvals.