Hiscox
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The executive said the carrier had sufficient “dry powder” to expand in hard market conditions. -
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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Talbot hull underwriters Edward Carpenter and Benjamin Ewen recently resigned to join Everest Re.
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The carrier is ready to deploy capital if rate rises prove attractive, Hiscox’s CEO said.
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The carrier reported substantial expansion in its Re & ILS division, with GWP up by more than 32%.
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The carrier focuses on risk and treaty catastrophe A&H coverage through its NOA Syndicate.
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