Bermudian-based reinsurance management firm Nascent Group has made Bellal Rahman senior vice-president.

In his new role, Mr Rahman will oversee a portfolio of reinsurance clients — advancing outsourced finance and reporting, statutory and prudential compliance and operational governance for commercial carriers, insurance-linked securities vehicles and life reinsurance structures.

He brings more than 25 years of experience across property and casualty, life, captive insurers and ILS.

Most recently, he served as head of finance at Catalina Life Re, leading complex finance, regulatory and client governance initiatives within Bermuda’s long-term (life) reinsurance market.

Nascent Group chief executive officer Andre Perez said Mr Rahman’s impressive track record managing commercial carriers, coupled with deep ILS and life reinsurance expertise, made him an outstanding addition to the Nascent team.

“His leadership enhances our senior management as we continue to deliver technology-enabled insurance services and a risk transformation platform to clients globally,” Mr Perez said.

Mr Rahman added: “Nascent’s modern, technology-led approach to insurance management is exactly what the insurance market needs as demands on finance, regulatory reporting and governance increase.”

He looked forward to working with Nascent clients to deliver scalable and compliant outsourced solutions.

Nascent Group is an independent, technology-led provider of insurance service provider and a risk transformation platform to the global reinsurance and insurance-linked securities markets.