US-based insurance broker Hub International has launched its North American Complex Risk Practice to advise clients and offer risk solutions.

The new unit will enable clients to better assess, understand and quantify their exposures and develop strategies to reduce their total cost of risk.

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The practice, which will be led by Mary-Beth Hahn, will offer clients guidance on complex risk issues.

Hahn joins Hub from Wells Fargo/USI and brings over three decades of experience in providing consultative risk advice and alternative risk solutions.

HUB International president and CEO Marc Cohen said: “Whether changing business models as a result of Covid or confronting emerging risks like cyber, nuclear verdicts or increases in catastrophic weather events, our clients are facing complex risk issues from every direction.

“Mary-Beth’s extensive expertise and leadership combined with HUB’s existing boundaryless network of specialists throughout North America will formalise our solutions to transfer risk, retain risk and manage losses for any size organization from Fortune 500 to the middle market.”

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HUB’s new risk practice will advise the US and Canadian clients on data/analytics, captives, parametric solutions, reinsurance, financial lines, and excess casualty programs among others.

Earlier this month, Hub acquired assets of Eaton-Provident Group to augment its existing speciality capabilities and expand its footprint.

Recently, Hub also closed the acquisition of National Home Warranty Group, a wholly-owned subsidiary of Aviva Canada.