28 April 2023News

Andre Perez returns with second new venture in months

Veteran reinsurance executive and serial entrepreneur Andre Perez (pictured) has launched his second new venture on Bermuda in a matter of months.

Perez has launched Nascent Group, an independent, technology-driven service provider to the financial industry. It has secured approval from the Bermuda Monetary Authority to license two subsidiaries, Nascent Insurance Management as an insurance manager and Nascent Re as a reinsurance transformer.

The move comes just months after, in March, he launched technology firm H2 Group, which specialise in developing bespoke solutions for the insurance industry. That company’s initial focus will be on insurance-linked securities.

Perez was the founder and CEO of the Horseshoe Group, which was the largest ILS service provider when it was acquired by Artex Risk Solutions in 2019.

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

Perez said: “While these two companies will remain autonomous, their partnership in developing a technology-driven insurance service provider is pretty powerful and will allow for rapid adaptation in satisfying investor needs.

“Not only will we have access to leading-edge technology through H2 Group, but our deep experience at Nascent will utilise that technology to vastly improve our ability to be an agile, value-adding service provider.”

Perez 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.”