Hiscox confirms new appointments within Re & ILS
London (15 November 2018) – Specialist global insurer Hiscox today confirmed three new appointments within Hiscox Re & ILS; two internal appointments and one external hire.
Mike Schindel has been appointed Head of North America. Mike has been with Hiscox since 2009, beginning his career within the operations team before transitioning to a leadership role in the International underwriting team. He succeeds Ross Nottingham, who was promoted to Chair of North America in August. Mike will commence his new role immediately, while supporting his existing team through to the 1 April renewal period, and continue to be based in Bermuda.
Following Mike’s appointment, Nick Orton has been promoted to Head of International. Nick has been with Hiscox since 2012 and, using his experience as a senior underwriter within the team, will now focus on advancing product innovation to support smart growth in the International book. Nick will also commence his new role immediately, and continue to be based in London.
Daniel Vestergren joins Hiscox Re & ILS as Chair of International, with responsibility for driving the strategic direction of the International book. He succeeds Andrew Dolphin, who was promoted to Chief Operating Officer for Hiscox Re & ILS last month. Daniel will join the business in May 2019, and be based in Bermuda. Daniel joins from Ariel Re, where he spent five years underwriting retro, specialty and international reinsurance. Prior to this, Daniel was at Goldman Sachs where he focused on North America and international property catastrophe for Syndicate 1910.
Mike Krefta, CEO of Hiscox Re & ILS, commented: “It is always pleasing to see people build their careers at Hiscox, so I’m proud of Mike and Nick’s appointments and delighted to welcome Daniel. All three have an important part to play in building on the great momentum we already have in the business as we enter the busy renewals season.”
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Notes to editors
About The Hiscox Group
Hiscox is a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). Our ambition is to be a respected specialist insurer with a diverse portfolio by product and geography. We believe that building balance between catastrophe-exposed business and less volatile local specialty business gives us opportunities for profitable growth throughout the insurance cycle. It’s a long-standing strategy which in 2017 saw the business deliver a profit before tax (excluding foreign exchange) of £93.6 million despite reserving net $225 million for claims in the most costly year ever for natural catastrophes.
The Hiscox Group employs over 2,700 people in 14 countries, and has customers worldwide. Through the retail businesses in the UK, Europe, Asia and the US, we offer a range of specialist insurance for professionals and business customers as well as homeowners. Internationally traded, bigger ticket business and reinsurance is underwritten through Hiscox London Market and Hiscox Re & ILS.
Our values define our business, with a focus on people, quality, courage and excellence in execution. We pride ourselves on being true to our word and our award-winning claims service is testament to that. For more information, visit www.hiscoxgroup.com.