About Us
Our Name
At Nova, we are more than just a company; we are a testament to the spirit of innovation. Our name, ‘Nova,’ was carefully chosen because it encapsulates our fundamental principles. ‘Nova,’ derived from the Latin word for ‘new,’ symbolizes our unwavering dedication to exploring new horizons and pioneering innovative solutions. In a world constantly evolving and advancing, we believe that embracing the ‘new’ is not just a choice but a necessity. It drives us to constantly seek fresh perspectives, cutting-edge solutions, and inventive approaches to meet the ever-changing needs of our clients and partners. At Nova, innovation isn’t just a buzzword; it’s our guiding force. Our team of experts are committed to pushing the boundaries, challenging conventions, and redefining industry standards. We understand that true progress comes from embracing the unknown, and we are here to lead the way.
Our Story
The changing global landscape has prompted businesses to reassess their risk management strategies. Emerging risks, regulatory requirements, and legal liabilities have made traditional insurance coverage insufficient for many. Similarly, individuals in high-risk industries such as sports and entertainment are facing unprecedented levels of risk due to social media, litigation, and cancel culture, potentially resulting in continuous and severe financial losses. Nova Risk Transfer emerged as a practical solution to effectively address these challenges. It provides expense reimbursement and loss of business revenue coverage against brand and reputation damage, along with other risks, offering a reliable way to safeguard their interests. By leveraging premium financing, Nova establishes multiple layers of capital, opening doors to potential savings and investment opportunities in both the short and long term.
Our Company
Nova Risk Transfer is an Excess & Surplus Line—Alternative Risk Transfer tool to insure non-traditional business risks, particularly those risks that are typically self-insured (or are unavailable or too costly in the commercial market), on a cash flow efficient basis. The fully integrated insurance arrangement is a composite of the benefits of alternative risk transfer, traditional P&C underwriting, and premium financing, which in turn creates a more efficient non-traditional business risk insurance model.
Meet The Founders
Bartolome Massot, FCCA, CPCU
Co-Founder, Managing Partner
Bartolome is a Co-founder of Nova Risk Transfer and Chief Executive Officer of Candidus, a specialty insurance consulting company. He brings 20 years of financial experience managing and advising clients internationally in Europe, US and Latin America. Bartolome co-founded the Company after having overseen the Bermuda regulated operations of Appleby Global Services (Corporate Servies Provider, Listing Sponsor and Trust Business Service) and of Artex Risk Solutions (Insurance Manager). He began his career in accounting and specialized in the areas of Governance, Compliance and Financial Risk Management. His expertise across multiple sectors includes Fiduciary, Defence, Investment Banking, Hospitality and Insurance, from which he developed key expertise in Corporate Governance and Risk Management strategies and throughout the design and implementation of large Transformation Projects. Bartolome is from Spain, a Fellow member of the Association of Chartered Certified Accountants, a Chartered Property & Casualty Underwriter, taught financial and management accounting at the Bermuda College between 2018 and 2019 and was the Treasurer of the Bermuda Captive Network between 2023 and 2024.
Menachem Mendel Davis, MBA, CRPC®, AIF®
Co-Founder, Managing Partner
Menachem Mendel Davis is a Co-Founder of Nova Risk Transfer and a former Financial Planner who resides in Baltimore, Maryland. His professional journey has been marked by versatility within the financial services industry. After studying abroad in Jerusalem post high school, he began his career in banking, but his path soon led him into the realm of private wealth management. Later on, he ventured into the public/governmental side of financial services, gaining invaluable insights into the intricacies of financial planning, particularly for those in greatest need. With a background as a former financial planner, Mendel remains dedicated to aiding individuals and successful businesses in adeptly navigating financial risks. His prior positions encompass roles such as Vice President of The Einstein Group, Assistant Vice President at JPMorgan Chase, and Wealth Advisor at Raymond James. Mendel holds a Master of Business Administration from The University of Maryland and is actively engaged as a board member in several organizations.
