15 October 2020IT & claims management analysis

CAC Specialty names Nathan Baseman as head of new analytics practice

CAC Specialty has established an analytics practice and appointed Nathan Baseman to lead it.

Baseman, who takes on the title of senior vice president and analytics practice leader, was previously director of analytics for Lockton Companies, responsible for a national analytics team spanning both benefits and property and casualty.

Before that he served as an actuary at BMS Group. He has also worked with a number of insurance organisations on cat modeling, reinsurance buying optimisation, pricing actuary activity and helping lead client interactions.

At CAC Baseman partners the existing analytics activity and will look to expand the group’s activities around catastrophe modeling, claims analytics, captive assessment, collateral requirements, claim / loss trending, insurance programme optimisation and client data visualisations.

Mike Rice, CAC Specialty’s chief executive officer, welcomed Baseman’s “ability to bring analytic output to life and into impactful actions for the benefit of risk managers, treasurers, finance officers and general counsels.”

Eric Joost, chief technology and global markets officer at CAC Specialty, 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 said: “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.”