London, UK ( 12th September 2014) – Hiscox today announced the appointment of Michael Krefta, CUO of Hiscox Re, to Joint Active Underwriter for Syndicate 33 alongside Paul Lawrence, CUO of Hiscox London Market. Michael will also become Active Underwriter for Syndicate 6104.
Bronek Masojada, CEO of Hiscox said, “I’m delighted to announce Mike’s appointment to Joint Active Underwriter of Syndicate 33, alongside Paul. It has been really satisfying to see his development from a junior analyst to a senior leader in the business and the industry. We often say our people are our greatest asset, it’s great to see this commitment to their development.”
Mike has been with Hiscox since June 2003 and has worked within both the retail and syndicate parts of the business. He started work at Hiscox as a MI analyst in the retail team before moving into the catastrophe modelling team in the London Market as a Senior Analyst. In 2005, he joined the reinsurance team writing on its global reinsurance account before moving on to run Syndicate 33’s North America and Caribbean account in 2012. In May 2014 Mike became CUO for Hiscox Re, leading its underwriting teams in London, Bermuda and Paris.
Hiscox Syndicate 33 underwrites a mixture of reinsurance, property, casualty and energy business as well as a range of specialty lines including aerospace and terrorism among others. Syndicate 33 has a capacity of £1b in 2014.
Hiscox Syndicate 6104 has a capacity of £72 million in 2014. It is wholly backed by external Names and takes a pure year of account quota share of Syndicate 33’s international property catastrophe reinsurance account.
For further information please contact:
Kylie O’Connor +44 (0) 20 7448 6656 [email protected]
Notes to editors
Hiscox, the international specialist insurer, is headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). There are three main underwriting divisions in the Group - Hiscox London Market, Hiscox Re and Hiscox Retail (which includes Hiscox UK and Europe, Hiscox Guernsey, Hiscox USA and subsidiary brand, DirectAsia). Hiscox underwrites internationally traded, bigger ticket business and reinsurance through Hiscox Re and Hiscox London Market. Through its retail businesses in the UK, Europe and the US Hiscox offers a range of specialist insurance for professionals and business customers, as well as homeowners.
For further information visit www.hiscoxgroup.com.
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