CAC Specialty sets up analytics practice under Lockton leader

Specialty insurance brokerage and investment banking business CAC Specialty has set up a new analytics practice with the hiring of Lockton's director Nathan Baseman.

Baseman has been appointed as senior vice president and analytics practice leader, responsible for catastrophe modeling, claims analytics, captive assessment, collateral requirements, claim / loss trending, insurance program optimisation and client data visualisations.

Most recently, Baseman was director of analytics for Lockton Companies, where he was responsible for strategy, research and planning for a national analytics teams that spanned both benefits and property and casualty.

Prior to Lockton, he served as an actuary at BMS Group and before that with several insurance organisations where his work spanned the connection between effective catastrophe modeling reinsurance buying optimisation, pricing actuary activity, and helping lead client interactions.

“We are thrilled to add Nate to our team and look forward to his leadership of our analytics work but perhaps more importantly his ability to bring analytic output to life and into impactful actions for the benefit of risk managers, treasurers, finance officers and general counsels,” said Mike Rice, chief executive of the company.

Eric Joost, chief technology and global markets officer, added: “From day one at CAC Specialty we have partnered with clients first through the lens of industry and product experience which includes quantitative understanding of risk. Our belief is that highly motivated, experienced team-oriented colleagues working together combined with unique analytical and modern digital capabilities offer clients a clear choice in a consolidating market.”

Baseman commented: “In just over a year CAC Specialty has staked out clear positions serving clients that by their very nature have complex risks, are facing extremely difficult choices or simply prefer the combination of deep experience anchored by analytics. I’m very excited for the opportunity to join this forward-thinking firm and contribute to helping clients and colleagues better understand the choices they have around risk management and insurance.”