Nascent Group bolsters actuarial services with global risk consultant
Bermuda-based financial services firm Nascent Group, founded by industry veteran Andre Perez in 2023, has partnered with a European global risk and actuarial consulting firm to strengthen and expand its actuarial service offerings.
Founded and led by experienced actuarial consultant Andy Smyth (pictured left), Sephira Risk Solutions, provides insurers, reinsurers, captives ILS funds and intermediaries with specialist actuarial services. Sephira says it works to, “empower organisations with tailored insights that enable companies to make risk-informed decisions that fuel growth, working across geographies to support international clients across a range of actuarial and broader risk areas,” an offering Perez sees as a complementary addition to Nascent’s existing services.
As part of the transaction, Perez will join Sephira’s board of directors, bringing strategic guidance on product and business development.
Perez said: “Actuarial advice is more critical than ever for insurers, particularly given the growing complexity and volatility of the global risk landscape. In the ILS market in particular, robust actuarial input is essential to provide valuation and loss reserve opinions. Andy is committed to state of the art technology in the delivery of Sephira’s services which is cohesive with Nascent’s vision.”
Smyth added: “With his background, broad knowledge of ILS and reinsurance, deep industry contacts and being known as an innovator, I am delighted to welcome Andre to the Sephira Board. Becoming an affiliate of Nascent will give Sephira the opportunity to access more resources and accelerate the development of our solution set, particularly in the ILS space. I look forward to continuing to provide Sephira’s current and future clients with insights-driven advice that is clear, actionable and risk-aligned.”
Smyth has spent his career consulting to general insurers and reinsurers globally. He started his career in the London market, before going on to lead P&C Actuarial practices with both Deloitte Bermuda and EY Ireland. He has extensive experience in loss reserving, capital requirements, and navigating risk and regulatory matters.
This announcement marks Nascent Group’s second major strategic transaction to broaden its service offering to the reinsurance, captive and ILS sectors, following its 2024 acquisition of Bermuda Compliance
Consultants. Taken together, these moves underscore a deliberate build-out of a turnkey, end-to-end platform — integrating compliance and governance with actuarial advisory and insurance management —to help clients navigate an evolving insurance landscape.
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