CIFS to keep management team

Nexus Underwriting Management is set to buy Credit Indemnity and Financial Services (CIFS), Novae Syndicates’ credit insurance arm.

Nexus plans to form a new managing general agency that will trade under the CIFS name, backed by capacity from Novae Syndicate 2007 and other Lloyd’s syndicates.

CIFS will continue to be led by managing director Bob Lilley, director of client services Sue Morley and underwriting manager Neil Payton.

Nexus group chief executive Colin Thompson said: “CIFS has been established for well over a decade and is a highly regarded franchise that fits our group model of underwriting profitable specialty classes.”

 

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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