Nexus creates an alternative risk transfer unit in the US.

Specialty managing general agent Nexus Group has created an alternative risk transfer (ART) unit within its US operations. The newly launched business line will be led by Christophe Bentel, who serves as president of Nexus Specialty Casualty.

The ART division is poised to provide multi-year structured (re)insurance solutions, primarily targeting property insurance, with additional offerings in liability and multi-line insurance. To power the new venture, Nexus ART brought on seasoned actuarial data scientist Tim Starr as head of analytics and pricing.

Additionally, Richard Zhang was appointed as Unit Head of Underwriting. Zhang is recognized as an international expert in structured insurance and previously led the ART segment for Asia Pacific and the Middle East at WTW.

Commenting on the rollout, Bentele said: “We are delighted to launch a new alternative risk transfer business to offer risk transfer and retention solutions that do not conform to traditional, traditional insurance models.

“These alternative risk solutions are growing in popularity as companies seek the flexibility to fit a growing number of risk scenarios, and business-specific insurance classes are what Nexus knows best.”

Adam Cambrook (pictured), chief executive and president of Nexus Group US, highlighted the firm’s growth over the past three years, with much of the expansion attributed to its new product launches, led by Bentel. Special contingency operations are also included.

“We now see a real need in the market for a service-focused offering in the structured solutions space, and our talented team will work with our brokers to develop unique alternative risk solutions for clients,” said Cambrook. “

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