Nexus Announced the Acquisition of Altitude Risk Partners

On 09/07/18, Nexus Underwriting (“Nexus”) announced the acquisition of Altitude Risk Partners (“ARP”)

• Acquired from an investor group including Castel Underwriting Agencies (“Castel”) and management

ARP became a trading division of Nexus Underwriting

• The management of Altitude became shareholders in the Nexus Group

ARP is a UK-based MGA providing aviation and space insurance solutions to companies globally

• Formed in 2014 by David Godley, Richard Power and Tim Wright, in partnership with Castel
• Underwrites a diverse portfolio across seven lines of aerospace insurance in more than 130 territories
• Since inception, ARP has gained a meaningful market share in the aerospace insurance industry

Formed in 2014, Castel is a club-style MGA platform

• Focused on helping underwriters set up their own underwriting businesses
• Provides start-up capital, operational support and assistance in sourcing capacity
• Majority owned by Carlson Capital-owned Barbican Insurance Group

Founded in 2008, Nexus is a leading London-based specialty MGA

• Focused on underwriting niche classes of business
• Employs ~220 people across offices in Europe, Asia and the U.S.(a)

(a) As of the time of the transaction.