Nascent Group, an insurance management and reinsurance transformer company, has received its insurance management licence to operate in the Cayman Islands, enabling it to offer ILS, reinsurance, and captive management services in this region.
This strategic expansion allows Nascent to deliver innovative services while remaining flexible in choosing the best domiciles for client success. This move is expected to attract sponsors, cedants, and investment managers interested in ILS, reinsurance, and traditional captive structures.
Andre Perez, CEO of Nascent Group, commented, “this move will serve to enhance our offering to clients by providing them with increased flexibility and solutions optimised for their specific needs. By leveraging many of the unique advantages of the Cayman Islands, we will be able to continue to provide innovative services, particularly in the captive and parametric spaces.”
Perez added, “The growth of both the P&C and life sectors in the Cayman Islands, offers us a unique opportunity. With our experienced and global talent pool, we are positioning ourselves to serve those flourishing sectors in the Cayman Islands.”
The Cayman Islands office will be managed by Sergio Micucci, an industry veteran with over 15 years of experience in the captive insurance market in the Cayman Islands and 20 years in insurance and financial services.
Micucci currently serves as Head of Office at Nascent Insurance Management Cayman. Before joining Nascent Group, he was the CFO of The Corinthian Group and held various leadership roles at leading insurance management firms, including Aon Insurance Managers and Strategic Risk Solutions.
