Heath Lambert Group has announced the launch of its new Alternative Risk Transfer (ART) division - Heath Lambert Hybrid Solutions.
It will be headed by managing director John Ryan who is joining the group from Tillinghast-Towers Perrin, where he established the non-life actuarial practice.
The unit will be responsible for analysis and placement of business into its various markets and will source business from the existing group client base, as well as outside the group.
Ryan commented: "ART already has a market value of up to $20 bn (£14m). We estimate that this figure is set to triple within the next five years. Within this context, we are developing a market-leading practice offering the full range of Alternative Risk Transfer mechanisms."
