Nascent To Acquire Bermuda Compliance
Nascent Group Ltd. announced that it has signed an agreement to acquire Bermuda Compliance Consultants Ltd, and the acquisition is expected to close in the fourth quarter of 2023.
A spokesperson said, “Founded and headquartered in Bermuda, Bermuda Compliance Consultants Ltd. [BCCL] provides compliance advisory services to the insurance and the fund markets. Alison Morrison, Founder and Managing Director of BCCL, has worked as a part of multi-national firms and banks, and has extensive experience in anti-money laundering [AML] regulations, risk management, policy development, corporate governance, training and operational compliance.”
“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,” said Andre Perez. “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,” adds Perez, noting that BCCL will 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,” said Alison Morrison. “The transition will be seamless to my clients and will provide expanded service offerings in the future”.
The spokesperson said, “Nascent Group is an independent and privately-owned group of financial services companies forming an independent insurance manager, a reinsurance transformer, and a general adviser dedicated to both the insurance-linked securities and traditional reinsurance markets. Nascent Group uses best-in-class technology to provide services with efficiency and transparency to investors.”
