Newly created MGA Nucleus Underwriting brings a fresh underwriting approach and much needed expertise for insurance intermediaries unafraid of the Lifescience sector.
Nucleus Underwriting unveils its insurance solutions for European SME Lifescience businesses.
As a broker-only MGA, Nucleus Underwriting supplies specialist risk solutions for businesses operating in and providing support to the pharmaceutical, bioscience, medical technology, dietary supplement and cosmetic sectors.
Nucleus underwrites on behalf of a variety of Lloyds Syndicates, delivering covers for Public Liability, Products and Services Liability, Products and Services Professional Liability; Clinical Trials, Employer’s Liability, Material Damage, Business Interruption, and Directors’ & Officers’ Liability.
Highly experienced Underwriting Director, James McHugh, commented that: “The expertise and capabilities at Nucleus Underwriting and a genuine commitment to superior service, provides a very attractive proposition for brokers. Our offerings show the strength of the MGA model in delivering specialist insurance products and services.”
Our focus is UK and European Lifescience businesses.
In a sector where a great deal of attention is on a small number of huge international players it is easy to lose sight of the fact that around 95% of UK Lifescience businesses are SMEs with turnover of less than £50m. Many are significantly below that.
Nucleus Underwriting provides a solution for such businesses in an insurance market which is low on capacity and specialist knowledge.
There is a fantastic opportunity and we want to work with dynamic and forward thinking insurance intermediaries unafraid of the Lifescience sector.
The SME Lifescience sector presents a potentially untapped market for many intermediaries. There is significant sector investment and it provides enormous growth potential.
Nucleus Underwriting can help in guiding intermediaries with little or no sector experience in providing their clients with appropriate and cost effective insurance solutions.
To find out more about the products and services on offer have a look around nucleusunderwriting.com or give James McHugh a call on 0161 237 7737.