Global insurance brokerage and financial services firm, Hub International Limited announced October 20 the launch of the company’s new North American complex risk practice for U.S. and Canadian clients.
The company also appointed Mary-Beth Hahn, formerly the risk management practice leader for Wells Fargo/USI, to lead the new practice. “Hahn will lead the practice to address the growing needs of clients seeking guidance on complex risk issues, to help them better assess, understand and quantify their exposures and develop strategies to minimize their total cost of risk,” the company said in a statement announcing the launch and Hahn’s appointment.
“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,” adds Hub International CEO, Marc Cohen. “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.”
Hub adds that Hahn’s mandate will be to drive the development of the practice and its overall strategy, while developing recruitment practices, talent, and products and resources for complex risk issues.
Overall, they say the complex risk practice will include multiple industry specialists, wholesalers and reinsurance brokers who will advise both U.S. and Canadian clients on loss sensitive or cash flow programs, excess casualty programs, enterprise risk management, shared and layered property programs, global accounts, data and analytics, risk purchasing and retention, alternative financing, parametric solutions, structured deals, financial lines risks, and more.