Nexus Underwriting, a Brown & Brown subsidiary, has announced the expansion of its Trade Credit operations into Italy, a strategic move that further strengthens the company’s global footprint.
Roberto Calabretti will lead the operations as CEO & Country Manager for Nexus in Italy. Calabretti will be joined by Federica Paudice, as Broker & Partner Manager based in Milan, in mid-October.
Calabretti will be working closely with the Trade Credit team to drive the initiative forward, helping deliver not only Nexus’s traditional product offering but also innovative Trade Credit solutions that will empower brokers and deliver tailored support to clients throughout the region.
Paudice, who joins the company from Aon Italy, brings to the team strong technical expertise and an outstanding track record in client relationship management – particularly with Italy’s largest multinationals – as well as business development.
Calabretti commented: “Launching our Trade Credit operations in Italy represents an exciting landmark moment for Nexus. As the only Lloyd’s Coverholder for Trade Credit in the country, we reinforce the strength of our proposition across Financial Lines, Legal Protection and Cyber Insurance – within Lloyd’s second-largest European market.
“This marks an important step in Nexus’s wider European expansion, positioning us strongly against competitors as we continue to grow, with Trade Credit as our first new product line introduced in Italy and further classes to follow.”
Samuel Fattahzadeh, Head of Europe – Nexus Trade Credit, stated: “With 25 years of experience, nearly 50 dedicated Trade Credit specialists across Europe, and support for more than 1000 clients, we are one of the most established and trusted MGAs in the sector.
“Opening in Milan underlines our commitment to serving major European markets. Backed by our proven underwriting expertise, global reach, and deep technical capability, we are uniquely positioned to deliver tailored, client-centric solutions that support growth, manage risk, and underpin confidence in international trade.”
Richard Marriage, CEO of Nexus UK, Europe and International, said: “The expansion of our Trade Credit operations into Italy is another milestone in Nexus’s growth journey. We are delighted to welcome Federica to the business to bring our Italian vision to life. “
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