Hugh Karp
London, United Kingdom
Founder, Nexus Mutual | Blockchain & Insurance | Founder, Nexus Mutual | Blockchain & Insurance
Summary
In 2017, I worked with a small team to develop Nexus Mutual—a discretionary mutual operating on the Ethereum blockchain. Since the protocol's launch in 2019, Nexus Mutual has protected $4.4B of crypto assets and paid out more than $17M in claims to people who suffered losses. Our members have worked together to create an on-chain risk marketplace where anyone can build risk management businesses and expand access to protection in new markets. The core of Nexus Mutual's mission is to make cover available in underserved markets. I firmly believe that traditional insurance can greatly benefit by collaborating with on-chain capital providers to cover excess loss. Prior to launching Nexus Mutual, I worked as an actuary and professional in the insurance industry for more than 15 years. I have held a variety of roles in both primary and reinsurance companies including as CFO for a global reinsurers’ Life operations in the UK.
Founder
Nexus Mutual
1 Nov 2017 - Present
8yrs 9mos
London, United Kingdom
Nexus Mutual is the leading on-chain insurance alternative. Since 2019, Nexus Mutual has protected $4.4B of crypto assets and paid out more than $17M in claims to people who suffered losses. Nexus Mutual is the trusted partner for institutional clients, family offices, and crypto protocols that seek protection. We also work with companies working in traditional insurance to take on excess risk. Our team consists of members who have backgrounds in traditional insurance, finance, and cyber security.
Munich Re
1mo
CFO Life, UK & Ireland
1 Jul 2014 - 31 Mar 2018
1mo
London, United Kingdom
Strategically focused role managing around 30 finance individuals mainly comprised of actuaries, accountants and data analysts. Monitor and reporting on the UK Life business’ financial position under IFRS, MCEV, Solvency II, and other reporting bases. Evaluation and advice on ad-hoc business proposals, including business cases, potential investments, disposals as well as more regular commercial decisions. Contribute to the commercial success of the UK Life operations.
Head of Financial Reporting
1 Feb 2013 - 30 Jun 2014
1mo
London, United Kingdom
Coordinated the delivery of accurate and timely actuarial and financial results under IFRS, MCEV, Solvency II, and other reporting bases. Re-engineered the reporting infrastructure and processes to deliver financial results with half the number of staff. Managed a team of roughly 10 actuarial staff. Included role as Head Valuation Actuary for the UK Life business.
Product Development Actuary
1 Aug 2012 - 28 Feb 2013
1mo
London, United Kingdom
Actuary, Life Insurance
MLC & NAB Wealth
1 Jan 2002 - 30 Nov 2011
9yrs 10mos
North Sydney
Various roles mainly focussed in Life Insurance. Mergers & Acquisitions - Business focussed due diligence and Integration team. Manager, Life Insurance Retail Pricing Team - extensive retail pricing experience Valuation Team - mainly life insurance focussed.
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