Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

Andre Perez launches Nascent Group, aims to reimagine ILS servicing


Andre Perez has announced the launch of Nascent Group, an insurance management and reinsurance transformer company that aims to reimagine the insurance-linked securities (ILS) servicing space, through adopting a technology-driven approach.

andre-perez-horseshoePerez is of course very well-known as the founder and former CEO of leading insurance-linked securities (ILS) facilitation, reinsurance management, fund administration, and risk transformation specialist Horseshoe.

In recent months he also emerged as a backer of another new venture, H2 Group, a Bermuda-based technology firm with a first product that promises to bring more transparency to ILS investors.

Now, Perez is targeting the sector in which he made his name by creating the dominant player in servicing ILS business and structures around the globe Horseshoe, now aiming to upend that space with a new offering.

Nascent Group will be an independent, technology-driven service provider to the financial industry, with a focus on the insurance-linked securities (ILS) space.

Already, Nascent has obtained the approval of the Bermuda Monetary Authority to license two subsidiaries, Nascent Insurance Management Ltd. as an insurance manager, and Nascent Re Ltd. as a reinsurance transformer.

Nascent and Perez’s other venture H2 will work closely together, in order to bring a new technology-first approach to ILS servicing, with a goal to drive efficiencies throughout the system.

“While these two companies will remain autonomous, their partnership in developing a technology-driven insurance service provider is prety powerful and will allow for rapid adaptation in satisfying investor needs.” Perez explained. “Not only will we have access to leading-edge technology through H2 Group, but our deep experience at Nascent will utilize that technology to vastly improve our ability to be an agile, value-adding service provider.”

He added, “Licensing H2’s RUDDR, which is a state-of-the-art policy management system, is just one example of how rapidly developing technology is going to become a game changer for us and the financial service industry. We cannot afford to remain complacent.”

Perez aims to create a new breed of best-in-class services providers, leveraging emerging technology to “reimagine the ILS servicing space as we know it”, with a goal of restoring investor confidence while doing so.

Perez will take the role of Chairman and CEO of the Nascent Group and will be joined on the Board by Horseshoe co-founder and industry veteran Nigel Godfrey, as well as Alison Morrison, the founder of Bermuda Compliance Consultants.

Operating subsidiaries Nascent Insurance Management and the transformer Nascent Re, will initially be licensed to operate in Bermuda, but will eventually seek licenses to other offshore jurisdictions and the United Kingdom, with a global insurance management and risk transformation platform the ultimate goal.

Nascent Group’s initial focus will be on the ILS sector, but Perez intends to expand its services more broadly into insurance management, to target insurance, traditional reinsurance, MGA/MGU’s, captives, and fund administration.

Register today for ILS Asia 2023, our next insurance-linked securities (ILS) market conference. Held in Singapore, July 13th, 2023.

Artemis ILS Asia 2023 - Insurance-linked securities conference in Singapore

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