Hiscox
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The London-listed carrier has made several changes to its remuneration policy. -
The carrier said the initiative accelerates obtaining an entry-level underwriting licence by two-thirds.
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The collapse of Silicon Valley Bank is creating investor fear across the global financial services sector.
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The property underwriter has also worked for Beazley and Liberty Mutual.
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The executive said the carrier had sufficient “dry powder” to expand in hard market conditions.
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The sub-syndicate will complement Hiscox’s existing portfolio, offering additional capacity to qualifying clients.
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The executive has worked at Hiscox since 1986, in roles including group CUO.
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The carrier reported a combined ratio of 90.6% despite losses from Hurricane Ian and Ukraine.
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The ILS expert had joined as a portfolio manager in 2018 from Ontario Teachers’ Pension Plan.
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Broker benefits include the ability to get a quote within seconds and to manage clients’ policies fully, Hiscox said.
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The appointment comes after it emerged that Malcolm Smart is leaving the business to join Ark.
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The figure has been consistently narrowing since reporting began in 2017.
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