Hiscox expands ILS team with new hire
Hamilton, Bermuda (1 March, 2018) – Hiscox Re Insurance Linked Strategies, the ILS asset management arm of Hiscox, has appointed Dr Ben Fox to its Bermuda-based ILS investment team as Portfolio Manager, subject to Bermuda immigration approval.
Ben joins Hiscox Re ILS from Ontario Teachers’ Pension Plan, where he served as Principal of Insurance-Linked Securities since July 2014. In this role he co-managed the Plan’s ILS portfolio, responsible for all analytics including portfolio construction and optimization capabilities. Ben holds a Master’s degree in Earth Sciences and a PhD in Seismology from the University of Oxford.
Mike Krefta, CEO Hiscox Re & ILS, commented:
“I’m thrilled that Ben is joining us. His experience with a sophisticated institutional ILS investor will complement the existing underwriting and analytical expertise of our Hiscox Re & ILS team. This appointment represents our continued commitment to the ILS asset class and we’re excited about its future”.
For further information please contact:
Lucy Hensher +44 (0)20 7448 6619 Lucy.Hensher@HISCOX.com
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.