Hub launches North American complex risk practice with senior hire
Global insurance brokerage and financial services firm Hub International has launched a North American complex risk practice with the hiring of a Wells Fargo risk specialist to lead the practice.
Mary-Beth Hahn will lead the practice to address the growing need 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 (TCOR).
Hahn joins Hub from Wells Fargo/USI where she previously led the risk management practice. She brings more than 30 years of experience providing consultative risk advice and alternative risk solutions. As Hub's complex risk practice leader, she will drive the development of the practice and its overall strategy, enhancing its capabilities with talent development and recruitment, and creating products and resources for complex risk issues.
Hub's complex risk practice will represent specialists from multiple industries and product lines with deep expertise and experience in insurance programmes and placements, claims, analytics, risk financing and risk control. It will also include specialists from wholesalers and reinsurance brokers.
The new practice will advise US and Canadian clients on loss sensitive / cash flow programmes, excess casualty programmes, enterprise risk management, shared and layered property programme, captives, global accounts, data and analytics, risk purchasing and risk retention groups, alternative risk financing, loss portfolio transfer deals, structured deals, parametric solutions, financial lines, public D&O/cyber/E&O, reinsurance, and transactional risk.
"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 Marc Cohen (pictured), president and CEO of Hub International.
"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."
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