Hiscox appoints new CEO for its combined Reinsurance businesses

10th June 2013

London, UK (10 June 2013) – Hiscox (LSE:HSX), the international specialist insurer, today announced that Jeremy Pinchin has been appointed CEO for Hiscox Re. This appointment is the first step in a plan to merge Hiscox’s reinsurance functions in London, Paris and Bermuda, into a single business unit.

Jeremy joined Hiscox in 2005 as Group Claims Director and became CEO of Hiscox Bermuda in August 2012. Prior to Hiscox, Jeremy trained as a lawyer and was a main Board Director of the global broker Sedgwick Group. He subsequently was responsible for co-ordinating the Lloyd's Market's response to the events of September 11 2001 and later became Lloyd’s first Head of Claims. Jeremy will retain his roles as CEO of Hiscox Bermuda and Group Claims Director.

Bronek Masojada, Hiscox Chief Executive, explained: “Under Jeremy’s leadership Hiscox Re will have clear strategic direction, leveraging the combined expertise of our underwriters in London, Paris and Bermuda.”

Hiscox Re will be fully operational for the January 2014 renewal season.

Ends

For further information please contact:

Hiscox Ltd    
Kylie O’Connor +44 (0)20 7448 6656 Kylie.O’[email protected]
Lucy Hensher +44 (0) 20 7448 6619 [email protected]

Notes to editors

About Hiscox

Hiscox, headquartered in Bermuda, is an international specialist insurance group listed on the London Stock Exchange (LSE:HSX). There are three main underwriting parts of the Group – Hiscox London Market, Hiscox UK and Europe and Hiscox International. Hiscox London Market underwrites mainly internationally traded business in the London Market – generally large or complex business which needs to be shared with other insurers or needs the international licences of Lloyd’s. Hiscox UK and Hiscox Europe offer a range of specialist insurance for professionals and business customers, as well as high net worth individuals. Hiscox International includes operations in Bermuda, Guernsey and USA. For further information, visit www.hiscox.com.


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