He said that any new party would be called the Northern Ireland Conservative and Unionist Party (NICUP).
BBC: News - Conservatives want UUP to disband and form new Tory-led party
Previous winners of the Stonewall Bigot of the Year award include Daily Mail columnists Melanie Phillips and Jan Moir, Tory MP Chris Grayling and Northern Ireland's Democratic Unionist Party MLA Iris Robinson.
However, Mr Nesbitt, who helped form the Unionist Party of Northern Ireland with the former Prime Minister Brian Faulkner in 1974, warned that new parties don't always work "because people don't always follow".
Democratic Unionist Party leader Ian Paisley was among the Northern Ireland politicians who expressed his party's condolences and gave him a letter to give to President Bush.
At the last general election the party unseated the Democratic Unionist Party leader and Northern Ireland First Minister Peter Robinson.
The two leaders will meet the three main Northern Ireland parties who support the Agreement - the Ulster Unionist Party, SDLP and Sinn Fein.
On Wednesday, Northern Ireland Secretary Peter Hain said he intended to withhold the Progressive Unionist Party's assembly allowances for another year.
BBC: NEWS | UK | Northern Ireland | PUP 'has no influence over UVF'
In January 1982, Frank Millar, the Ulster Unionist press officer, told Northern Ireland Office officials morale in the party was low.
Eight Democratic Unionist Party (DUP) MPs have written to the Northern Ireland secretary and said a number of agents were not given adequate support.
Addressing his party's annual conference on Saturday, Ulster Unionist leader Northern Ireland and former first minister David Trimble said such talks would have no impact on whether the IRA would disband, a key requirement for his party's return to the power-sharing administration with Sinn Fein.
But Democratic Unionist Party minister Nigel Dodds called for Sinn Fein to be excluded from Northern Ireland's newly restored power-sharing executive.
Democratic Unionist Party minister Nigel Dodds has called for Sinn Fein to be excluded from Northern Ireland's newly restored power-sharing executive.
The Democratic Unionist Party (DUP), which is Sinn Fein' main partner in Northern Ireland's power-sharing coalition government, welcomed the move as "a step in the right direction".
"Whilst we in the Ulster Unionist Party would not have agreed with her on everything, particularly the Anglo-Irish Agreement, Northern Ireland has reason to be eternally grateful for her stance against terrorism, not least during the hunger-strikes when Northern Ireland was on the edge of something catastrophic, " he added.
应用推荐