Hiscox
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The CEO said that Hiscox had ‘negligible’ exposure in Russia and property exposures in Ukraine were heavily reinsured. -
The positive set of results came after 2020 figures were heavily impacted by Covid-19 claims.
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Hiscox’s non-executive chairman Robert Childs has told a House of Lords London market inquiry how a new competitiveness objective could be measured.
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The acquisition of Willis Re last year transformed Gallagher into a top-three reinsurance player.
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Hiscox has appointed Allianz’s Jon Dye as its new UK CEO, effective September 2022, when he will assume responsibility for leading Hiscox’s retail business in the UK.
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Over the last 12 months, three of the four London-listed companies have drastically underperformed their US-listed and Continental European peers.
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Southgate worked at the likes of Canopius, Swiss Re, Aon and Sturge Syndicate during his career.
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The carrier has been rebuilding its D&O team after a number of staff left to launch new books of business.
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The former MS Amlin head of reinsurance takes up the CUO role next week.
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In his new role, Paul Cooper will join the Hiscox board, subject to regulatory approval.
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The Hiscox London Market CEO said better digital access to EC3 would go a long way to securing the market’s relevance on the global stage.
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The carrier has been rebuilding its team after losing key underwriting staff earlier in 2021.
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