HIscox Re and ILS News

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 …

Hiscox Taps Sompo’s Szakmary to Lead Bermuda Underwriting; Smith to Lead Specialty at Hiscox Re

Specialist global insurer Hiscox has announced the appointment of Adam Szakmary as director of underwriting for Hiscox Insurance Company Bermuda, subject to immigration and regulatory approval. Szakmary replaces Damien Smith, who is returning to London after six years in Bermuda …

Experience Is Everything for Krefta, CEO-in-Waiting at Hiscox Re & ILS

When someone gets to be a CEO at the age of 36, perhaps it’s a good idea to listen to his story about how he got there and some of the lessons he’s learned. From his current position as chief …

Krefta Named CEO of Hiscox Re and ILS, Succeeding Pinchin

Specialist global insurer Hiscox announced that Michael Krefta has been appointed CEO of Hiscox Re and ILS, and CEO of Hiscox Bermuda, effective Aug. 1, 2017. He will succeed Jeremy Pinchin who, after five years in Bermuda, will return to …

Hiscox Expansion of ILS Activity Includes New Collaterized Capability, Rebranding

Insurer Hiscox said it is building a collateralized reinsurance insurance linked securities (ILS) capability for launch on January 1, 2017, in addition to expanding its fully-fronted ILS fund structures. The expanded ILS team is being rebranded as Hiscox Re Insurance …