CIFS, or Nexus CIFS Ltd, was established in 2000 originally as a division of Novae Underwriting Ltd, part of the Novae Group Plc. Nexus CIFS is now an underwriting partner of Nexus Group, founded in 2008 and one of the largest speciality Managing General Agents (MGAs) in the London market. Trade Credit Insurance policies are underwritten by Liberty Mutual Insurance Europe and a number of Lloyd’s syndicates, currently Liberty, Novae, AmTrust, Amlin, Canopius and Barbican. A leading on-line Credit Insurance underwriter, Nexus CIFS are known for their pragmatic view on risks both domestic and export risks on Whole Turnover, Single Risk and Catastrophe (Excess of Loss) bases. Credit Insurance is available for established companies up to a £20 million maximum policy limit for whole turnover policies, or a US$20 million maximum line on a single risk policy.
Strengths and Differentiators
Policies normally priced to include credit limits and supported by an online system with a facility to view available exposure on a particular buyer risk. Nexus CIFS allocate a dedicated Risk Underwriter for all policy holders who will discuss credit limits with you directly. The system also includes the First Limit product which facilitates trading under a Discretionary Limit. Nexus CIFS have strategic alliances with other credit service companies in support of policyholder’s credit management. Claims are operated via a leading loss adjuster, Cunningham Lindsey UK, debt collection support through STA International.
Products and Services
Credit Insurance: Whole Turnover, Excess of loss, Single Risk.
Additional Products: First Place (Collections), First Limit (D/L Justification) and First Select (Marketing Campaign/Lead Generation Tool).
Acumen Credit Insurance Summary
An experienced underwriting team and a flexible insurer that listens and then looks to create a policy structure that best suits their policy holder.
*approximate amount only for information purposes. Not published by underwriter.