Hiscox Re and ILS News

People Moves: Hiscox Re & ILS Hires Hamilton Re’s Shah as Dir. of U/W Risk; BHSI Names Claims Execs in Germany; Aon’s Reins. Solutions Taps AXA XL’s Grigg for Cyber

This edition of International People Moves details appointments at Hiscox Re & ILS, Berkshire Hathaway Specialty Insurance (BHSI), and Aon’s Reinsurance Solutions A summary of these new hires follows here. Hiscox Re & ILS Hires Hamilton Re’s Shah as Director …

People Moves: WTW Hires Magilton to Lead Canada Risk & Broking, Powney to Head Surety for Europe/UK; Hiscox Re & ILS Names MS Amlin’s Wilken as CUO

This edition of International People Moves details appointments at Willis Towers Watson and Hiscox. A summary of these new hires follows here. WTW Hires Canada Risk & Broking Leader, Europe/UK Practice Leader for Surety Insurance broker Willis Towers Watson announced …

Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds

A principal negative factor affecting the reinsurance industry is the large amount of claims uncertainty, but positive tailwinds are offsetting these negative headwinds, creating a stable outlook for the sector into 2022, according to Carlos Wong-Fupuy, senior director, AM Best. …

Hiscox Appoints Former Hamilton Executive Reardon as CEO of Hiscox Re & ILS

Hiscox Ltd., the international specialist insurer, announced the appointment of Kathleen Reardon as CEO of Hiscox Re & ILS, subject to regulatory approval. Reardon succeeds Mike Krefta, who, as announced in August, will be stepping down in early 2021. Most …

Krefta, CEO of Hiscox Re & ILS, to Exit Hiscox to Pursue Interests Outside of Insurance

Hiscox, the global specialist insurer, announced that Mike Krefta has decided to return to the UK in early 2021, having completed almost four years as CEO of Hiscox Re & ILS based in Bermuda. After 17 years with Hiscox, Krefta …

Hiscox to Raise Capital in Response to COVID-19 Growth Opportunities and Exposures

Lloyd’s insurer Hiscox is planning a capital raise via the placement of new ordinary shares, which will enable the company to respond to expected growth opportunities ahead and prudently prepare for possible “downside scenarios.” of the COVID-19 crisis. New ordinary …

Hiscox Re & ILS Promotes Dolphin to Director of Underwriting, Lee to COO

Specialist Bermuda-based insurer Hiscox announced two new appointments within Hiscox Re & ILS. Andrew Dolphin has been appointed director of Underwriting – London, replacing Megan McConnell who is relocating to Manhattan to take on the role of chief underwriting officer …

Flood Model Development Helps Hiscox Re & ILS Enter U.S. Flood Protection Market

Less than 12 percent of U.S. homeowners have a flood insurance policy, despite the fact that flooding is the country’s most common natural disaster, said Katy Sivyer, underwriter for North America and the Caribbean at Hiscox Re & ILS, in …

U.S. Flood Models Still in Infancy, So Underwriters Must Be ‘Cautious Consumers’

The market for privately written inland flood insurance in the United States is growing rapidly, but flood modeling is still in its infancy. As a result, underwriters need to be aware of the differences that exist among commercial flood models, …

The Fine Art of Underwriting Through Soft & Slightly Harder Market Cycles

Twenty or so years ago, a London market marine underwriter declared he was going golfing one afternoon because he had reached his annual capacity level. That was an underwriting model commonly used in the Lloyd’s and London markets. Underwriters sat …