London, UK (9 March 2017) – Specialist insurer Hiscox has appointed Shree Khare as Group Head of Catastrophe Research. Khare will lead the research that directly informs Hiscox’s own view of risk and its underwriting strategies for catastrophe perils. In particular, while working across the Hiscox Group, he will work closely with Hiscox London Market and Hiscox Re (including Hiscox Re Insurance Linked Strategies).
Reporting to Rob Caton, Hiscox’s Head of Underwriting Risk and Reinsurance, and based in London, Shree Khare will also manage catastrophe analyst research carried out around the Group; developing the insights that support value added partnerships with brokers, clients and modelling firms. In addition, he will influence business strategy and risk/profitability decisions through regular presentations to the Hiscox Catastrophe Management Group.
Khare joins Hiscox after more than ten years at catastrophe risk modelling firm RMS where most recently, as Senior Director, he led the development and completion of the new RMS high definition Japan typhoon model, as well as the Taiwan and South Korea models. Prior to joining RMS, he was a researcher in modelling at the National Center for Atmospheric Research (NCAR). Khare has a PhD in Atmospheric sciences from Princeton University, and an honours BSc in physics from the University of British Columbia.
Commenting on Khare’s appointment, Rob Caton said: “Developing our own view of risk is an essential component of our underwriting strategy across the Group particularly in well-established catastrophe lines where tough market conditions continue to pose a challenge. Shree Khare’s expertise is a welcome addition to our catastrophe risk capabilities and I look forward to introducing him to clients, brokers, and the Hiscox team.”
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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 2016 helped generate gross premiums written of £2,402.6 million and a record profit before tax of £354.5 million.
The Hiscox Group employs over 2,300 people in 13 countries, and has customers worldwide. Through the retail businesses in the UK, Europe 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 and 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