Hub International creates new North American complex risk practice

Hub International creates new North American complex risk practice | Insurance Business America

Hub International creates new North American complex risk practice

Hub International Limited is launching a North America Complex Risk Practice, which will serve and advise both US and Canadian clients.

The new practice brings together Hub’s network of specialists – from its industry practices, placement, claims, analytics, captives and risk control teams, as well as specialists from wholesalers and reinsurance brokers – to address the needs of clients that require guidance on complex risk issues.

It will offer complex risk guidance on the following:

  • Loss sensitive / cash flow programs      
  • Excess casualty programs
  • Enterprise Risk Management
  • Shared and layered property program   
  • Captives     
  • Global accounts    
  • Data / analytics
  • Risk purchasing / risk retention groups
  • Alternative risk financing
  • Loss portfolio transfer deals       
  • Structured deals
  • Parametric solutions
  • Financial lines       
  • Public D&O / cyber / E&O
  • Reinsurance
  • Transactional risk

To lead the new practice, Hub has tapped industry risk leader Mary-Beth Hahn. Hahn joins Hub from Wells Fargo/USI, where she previously led the company’s risk management practice. As Hub’s complex risk practice leader, she will drive the development of the practice and its overall strategy, a company release said, while enhancing the unit’s capabilities through talent development and recruitment, as well as creating products and resources for complex risk issues.

“Whether changing business models as a result of COVID, or confronting emerging risks like cyber, nuclear verdicts or increases in catastrophic weather events, our clients are facing complex risk issues from every direction,” said Hub International president and CEO Marc Cohen. “Mary-Beth’s extensive expertise and leadership combined with HUB’s existing boundaryless network of specialists throughout North America will formalize our solutions to transfer risk, retain risk and manage losses for any size organization from Fortune 500 to middle market.”