Hugh Karp

Hugh Karp is the founder of Nexus Mutual, a blockchain-based alternative to traditional insurance.12 He established the company in November 2017 and is based in London, United Kingdom.1

Professional Background

Prior to founding Nexus Mutual, Karp had an extensive career in the insurance and financial sectors:

• Munich Re: He held several positions at Munich Re, including:

  • CFO Life, UK & Ireland (July 2014 - March 2018)
  • Head of Financial Reporting (February 2013 - June 2014)
  • Product Development Actuary (August 2012 - February 2013)1

• MLC & NAB Wealth: Karp worked as an Actuary in Life Insurance from 2002 to November 2011.1

Education and Qualifications

Hugh Karp holds a Bachelor's degree in Actuarial Studies (BActS) from The Australian National University, which he completed between 1998 and 2001.1 He is also a Fellow of the Institute of Actuaries of Australia.1

Nexus Mutual

Nexus Mutual, founded by Karp in 2017, is a decentralized alternative to insurance that operates on blockchain technology.2 The company allows its members to buy coverage that protects against various risks, particularly in the cryptocurrency and decentralized finance (DeFi) space.2

Under Karp's leadership, Nexus Mutual has grown significantly:

• The company has a capital pool of $274 million.3
• It has expanded to cover traditional risks, partnering with InShare SMART Risk to provide coverage for over 5,000 small independent business owners in the UK.3

Karp continues to be actively involved in the cryptocurrency and blockchain industry, often sharing insights and updates about Nexus Mutual and the broader DeFi ecosystem on his LinkedIn profile.456