Perez’s Nascent Group agrees to acquire Bermuda Compliance Consultants

Nascent Group, the insurance management and reinsurance transformer company launched by industry stalwart Andre Perez that aims to reimagine the insurance-linked securities (ILS) servicing space, has agreed its first acquisition with Bermuda Compliance Consultants Ltd.

Bermuda Compliance Consultants Ltd. (BCCL) was founded and headquartered in Bermuda by well known island executive Alison Morrison.

The company provides compliance advisory services to the insurance and fund markets, an area Perez sees as an important addition to Nascent, as he builds out its initially ILS focused service offering.

During her career, Morrison has worked for and with multi-national firms and banks, giving her extensive experience in anti-money laundering (AML) regulations, risk management, policy development, corporate governance, training and operational compliance.

Perez commented on the acquisition, “BCCL brings to Nascent Group deep market expertise and service offerings on the compliance side – an important business segment for the group– which will enhance the value we deliver to our clients. I would like to extend a warm welcome to Alison on behalf of our growing global team.”

“Alison shares our company’s philosophy of innovation, teamwork and responsive customer service. Together, we have the opportunity to provide a more robust framework in the delivery of our services especially with compliance becoming a more pertinent aspect of our industry.”

BCCL will now be rebranded as Nascent Advisory Services Ltd.

“I am excited to join forces with Nascent Group. Being part of a growing organization will give us the opportunity to access more resources and accelerate the development of compliance and advisory solutions and products,” added Morrison. “The transition will be seamless to my clients and will provide expanded service offerings in the future.”