EQUINOX GLOBAL acquired by Nexus Underwriting

Nexus Group acquired Equinox Global and all other Equinox group companies, in an agreement announced on 17 July 2017 and exchanged with completion scheduled for later that year. Beazley, previously a shareholder in Equinox Global, was to continue providing underwriting capacity under a ten-year underwriting support agreement. The founding shareholders and management team of Steen Parsholt, Mike Holley, Rob Crampton and Vicki Harrison stayed with the business, Parsholt as chairman and Holley as chief executive, and the founders of Equinox and Beazley became shareholders in Nexus. Bringing Equinox Global together with Nexus CIFS was expected to create a trade credit business with gross written premium of £1–100M, the two books being complementary with little overlap in line sizes or geographical focus. The purchase came a week after Nexus acquired Vectura Underwriting. At the time, the group traded from offices in the United Kingdom, France, Germany, the Netherlands, Italy, Ireland, the United States and Hong Kong, and employed more than 135 people.