Bermuda-headquartered Hiscox Re’s insurance linked securities (ILS) operation, Kiskadee Investment Managers, announced that Andrew Hughes will assume the role of ILS chief compliance officer and general counsel, while Dr. Matthew Swann has been appointed portfolio manager.
In addition, Michael Jedraszak, who has served as the director of ILS since the formation of Kiskadee, has been named chief investment officer of Hiscox Re Insurance Linked Strategies.
Hughes joins Kiskadee from Australia-based QIC Limited – an Australian state-owned investment manager with over AUD 70 billion ($50.7 billion) in assets – where he was senior legal counsel advising on a broad range of funds and investments (both buy-side and sell-side) across multiple alternative asset classes.
As a lawyer with 10 years’ post qualification experience, Hughes has also worked as a senior associate within the structured finance and securitization team at King & Wood Mallesons. Reporting to Richard Lowther, chief operating officer – ILS, he will be based in Bermuda and will advise on legal and product structuring areas as well as assuming full responsibility for the ILS compliance function.
Swann is transferring to Bermuda from Hiscox Re’s London office, where he held the role of senior non-marine treaty underwriter. Swann joined Hiscox in 2007 as a catastrophe modeling analyst after completing a Ph.D. in climate prediction. He holds a first class honors degree in geography from the University of Oxford. Also reporting to Lowther, he will relocate to Hiscox Re’s ILS office in Bermuda.
Jedraszak joined Hiscox in 2005 as an underwriter in the non-marine reinsurance team. In 2013, he was appointed Hiscox Re’s director of ILS, overseeing ILS strategy and planning. Prior to Hiscox, he was a reinsurance broker at Willis for just over two years, dealing mainly with European clients, responsible for the international and agriculture portfolios within the non-marine treaty reinsurance division.
Commenting on the new appointments, Jeremy Pinchin, CEO of Hiscox Re, said: “These new appointments represent our continued commitment to invest in the development of Kiskadee. With assets already exceeding US$600million, Andrew Hughes and Matthew Swann are very welcome additions to the team, alongside Richard Lowther COO and Michael Jedraszak CIO, as we continue to develop the depth and breadth of Kiskadee products for the benefit of investors and our clients.”
Source: Hiscox Re
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