What's Happening?
Nexus Underwriting, a subsidiary of Brown and Brown, has appointed Eamonn Long as the new chief underwriting officer for its alternative risk transfer (ART) division. Long will be responsible for advancing Nexus's ART services by transforming complex insurance structures into successful transactions. He will work closely with capacity providers and brokers to develop ART propositions tailored to customer needs. Nexus's ART business line, launched in December 2024, focuses on multiyear structured (re)insurance solutions, primarily in property insurance, liability, and multiline insurance. Long brings extensive experience from his previous role at SCOR's Alternative Solutions unit and his tenure at Allianz.
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Why It's Important?
The appointment of Eamonn Long signifies Nexus Underwriting's commitment to enhancing its ART capabilities, which are crucial for providing innovative insurance solutions. ART services offer clients more efficient capital management and risk transfer options, addressing complex challenges in the insurance sector. Long's expertise is expected to elevate Nexus's offerings, potentially attracting more clients and expanding its market presence. This move reflects the growing importance of ART in the insurance industry, as companies seek to differentiate themselves through specialized services.
What's Next?
Long will begin his role by collaborating with Nexus's leadership and partners to refine and expand ART offerings. His focus will be on leveraging Nexus's network and resources to deliver bespoke solutions. The company may explore new markets and opportunities to further integrate ART into its business model, potentially leading to strategic partnerships and innovations in insurance products.
