Nexus Group Specialty MGA Launches Alternative Risk Transfer Business in US

Nexus Group, a specialty managing general agent (MGA), has introduced a new alternative risk transfer (ART) business unit within its US operations. This initiative is set to provide multiyear structured reinsurance solutions, primarily focusing on property insurance, with additional offerings in liability and multiline insurance.

The ART unit will be led by Christof Bentele, president of Nexus Specialty Casualty, with support from Tim Starr, head of analytics and pricing, and Richard Zhang, head of underwriting. Mr. Starr brings an actuarial background to his role, while Mr. Zhang previously led ART for Asia Pacific and the Middle East at Willis Towers Watson.

"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," Mr. Bentele said.

Adam Kembrooke, CEO and president of Nexus Group US, said, "We see a real need in the market now for a service-focused offering in the structured solutions space."