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Credit Insurance

New risk underwriter for CIFS

By CreditMan Wednesday, September 24, 2014

Leading credit insurer Nexus CIFS has further strengthened its risk underwriting team with the appointment of Dominic Rice.

Rice, 31, joins from AIG Europe, where he was Senior Trade Credit Underwriter, working with major banks Santander and Leumi ABI, while also responsible fro evaluating, underwriting and monitoring domestic and international credit limits. Previously he spent five years at Coface UK.

At CIFS Rice will be focused on underwriting new business submissions and Sue Morley, CIFS’ Director of Client Services, says: “We are delighted with this appointment. Dominic has a combination of commercial and risk underwriting skills that will augment our ability to provide a rapid and authoritative response for brokers’ new business proposals.”

Nexus CIFS, which trades as CIFS is the trade credit arm of Nexus Underwriting Management Ltd, one of the largest independent specialty Managing General Agents in the London market which has projected 2014 GWP of more than US$ 100 million.