Nascent Group, an insurance and reinsurance management transformation company launched to reinvent the insurance-linked securities (ILS) management space, announced the hiring of Warren De Klerk to lead its administration business catastrophe bonds.
The Nascent Group was launched by Andre Perez, former founder and CEO of Horseshoe, a leading specialist in insurance-linked securities (ILS) facilitation, reinsurance management, fund administration and risk transformation.
Perez led the building of a team to provide a range of services to the insurance-linked securities (ILS) and catastrophe bond industry.
Warren De Klerk was hired by his recent employer Artex Risk Solutions, where he worked in the administration of catastrophe bond issuance vehicles, with over 15 years of experience in insurance management.
De Klerk had recently worked on the creation of special purpose insurers, the structures used for the issuance of catastrophe bonds, with expertise in facilitating the closing of catastrophe bonds and the ongoing administration of issuance structures by the following.
At Nascent Group, De Klerk will play an important role in managing catastrophe bonds and special purpose vehicles.
De Klerk said of his new role: “I am delighted to join Nascent Group and look forward to working with a talented and deeply experienced team using a technology-led approach to deliver exceptional services and solutions to clients and investors,” he adds: “It has been a very active year for the catastrophe bond market, with a strong pipeline for the fourth quarter and I hope the momentum continues into next year.
CEO Andre Perez added: “We are delighted to have Warren on board. His extensive experience in cat bond administration, coupled with H2 Group’s RUDDR platform, will significantly improve our processes, allowing us to have one of the strongest cat bond administration teams in the world. the market.”
Nascent Group said the hire comes at an opportune time, given increased activity in the catastrophe bond issuance market and growing investor interest in the sector.