Nexus Group, a leading specialty managing general agent, has launched a new Alternative Risk Transfer (ART) business line.
The new division will be led by Christof Bentele, who serves as president of Nexus Specialty Casualty. This expansion sees the addition of Tim Starr as head of analytics and pricing, and Richard Zhang as head of underwriting for the ART unit.
Nexus Group specialises in delivering innovative insurance solutions through a variety of niche offerings. With a focus on the specialty insurance market, the firm has a strong reputation for providing tailored products in areas like property, liability, and multi-line insurance.
Starr, a seasoned actuarial data scientist, has joined Nexus ART as head of analytics and pricing. His expertise will be instrumental in developing structured reinsurance solutions.
Zhang, previously head of ART for Asia Pacific and the Middle East at Willis Towers Watson, brings extensive international experience in structured insurance and now serves as head of underwriting for Nexus ART.
Both new hires play critical roles in Nexus Group’s new ART initiative. Starr’s analytical skills and Zhang’s underwriting expertise will drive the development of bespoke risk solutions, enhancing the company’s focus on innovative risk transfer strategies.
The ART division’s primary focus will be on offering multi-year structured reinsurance solutions, with specialisation in property insurance, alongside liability and multi-line insurance.
This move is part of Nexus’ strategy to meet the increasing demand for flexible, tailored risk solutions that deviate from traditional insurance models.
Christof Bentele, President, Nexus Specialty Casualty, said, “We’re delighted to launch the new Alternative Risk Transfer Business to offer risk transfer and retention solutions that don’t fit the conventional, traditional insurance model. These alternative risk solutions are growing in popularity as companies seek tailored flexibility for a growing number of risk scenarios, and niche insurance classes of business is what Nexus knows best. We are thrilled to have Tim and Richard on board with us and we look forward to an exciting future.”
Adam Kembrooke, CEO and President of Nexus Group US, added: “Our business has quadrupled in size over the last 3 years and the majority of that growth has been as a result of several successful new product launches, a great example of which is our Specialty Casualty division led by Christof, a huge success over the last 18 months since launch. We see a real need in the market now for a service-focused offering in the structured solutions space and our talented team will work closely with our brokers to build unique alternative risk solutions for clients. We’re confident the new ART business will be a profitable and fast-growing addition to our already expansive range of products.”
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