Nascent hires De Klerk for catastrophe bond and SPV management.

Nascent Group, an insurance management and reinsurance transformer company launched to reimagine the insurance-linked securities (ILS) servicing space, has announced the hire of Warren De Klerk to lead its catastrophe bond administration activities.

Nascent Group was launched by Andre Perez, the former founder and CEO of leading insurance-linked securities (ILS) facilitation, reinsurance management, fund administration, and risk transformation specialist Horseshoe.

Perez has been leading the build out of a team to deliver a range of services to the insurance-linked securities (ILS) and catastrophe bond sector.

Warren De Klerk has been hired from his recent employer Artex Risk Solutions, where he worked in administering catastrophe bond issuance vehicles, with over 15 years of insurance management experience.

De Klerk had recently worked on the establishment of Special Purpose Insurers, the structures used for the issuance of cat bonds, with expertise in facilitating the closing of catastrophe bonds and the ongoing administration of the issuance structures thereafter.

At Nascent Group, De Klerk will occupy an important role in catastrophe bond and special purpose vehicle management.

De Klerk said of his new role, “I am delighted to join Nascent Group and look forward to working with the talented and deeply experienced team using a technology-driven approach to deliver outstanding services and solutions to clients and investors,” he adds, “It has been a very active year for the catastrophe bond market with a solid pipeline for Q4 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 the H2 Group’s RUDDR platform will greatly enhance our processes, allowing us to have one of the strongest cat bond administration teams in the market.”

Nascent Group said of the hire that this comes at an opportune time, given the increased activity in the cat bond issuance market and growing investor interest in the space.

Nascent Group recently agreed its first acquisition with Bermuda Compliance Consultants Ltd.