Hiscox

The US-based hire has held senior D&I and transformation roles at Accenture.

Hiscox, a lead market for D&O in London, takes its peer’s head of London market financial lines.

The pandemic has underscored the strength of Lloyd’s trading resilience and shown the market’s ability to thrive in a digital environment, according to Hiscox CEO Bronek Masojada.

The carrier reserves $47mn for Storm Uri but says the overall claims experience was positive.

The recruitment comes after several exits from Hiscox’s liability team.

Kevin Kerridge takes over from Steve Langan, who will retire later this year.

Mary Margaret von Herberstein will work on relationships with quota-share capacity providers.

Both have worked at Hiscox cumulatively for nearly a decade and are the latest Hiscox executives to join the business.

The executive replaces Stéphane Flaquet in the role.

The carrier has been replenishing its team following departures last year.

The equity research firm cuts its EPS forecasts for the carrier but lifts the share price target.

A direct P&C turnaround and a narrowing of the loss in the scaled-back reinsurance division are eclipsed by hefty contingency losses within the specialty division.