Below the settlement, Nexus can pay out if The Retail Mutual is on the hook for greater than 57% of the group’s contributions in anybody 12 months in addition to single claims above 200,000 British kilos ($255,000). The Retail Mutual rakes in about 2 million kilos a 12 months, so Nexus will choose up the surplus if claims prime 1.14 million kilos.
