Robert Hiscox has been awarded the Gold Medal for Services to Lloyd’s at a special ceremony in the Lloyd’s building today.
Robert stepped down as Chairman of Hiscox this year after almost half a century of service in the insurance market. Not only has he built an extremely successful business since taking over the firm in 1970, he played a key role in driving through fundamental changes to Lloyd’s during the challenging Reconstruction and Renewal period. He was Deputy Chairman of Lloyd’s from 1993 to 1995.
Lloyd’s Chairman John Nelson said: "Robert Hiscox is a truly deserving recipient of the Gold Medal for Service to Lloyd’s. He worked tirelessly to help drive through vital reforms that brought the Lloyd’s market back from the brink and set such a solid platform for the market’s current strong position.
"Robert was a key voice in the lead up to Reconstruction and Renewal and was instrumental in the introduction of corporate capital to the market in 1994. He also chaired the Value Group which led to the introduction of value for syndicate capacity and the introduction of the capacity auctions."
The Gold Medal for Services to Lloyd's has only been awarded 17 times since it was first struck in 1919.
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Matt Beasley - Media
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Lloyd's is the world's specialist insurance market and occupies fifth place in terms of global reinsurance premium income, and is the largest surplus lines insurer in the US. In 2013, 89 syndicates are underwriting insurance at Lloyd's, covering all classes of business from more than 200 countries and territories worldwide. Lloyd's is regulated by the Financial Services Authority.
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