London, UK, (9 December, 2015): Adam Holberry has been appointed as Hiscox London Market’s new Head of Alternative Distribution as the business looks to work with brokers and underwriting partners to develop new and additional areas of insurance coverage.
Reporting to David Slevin, Head of Aerospace and Specialty, Adam Holberry joined Hiscox in 2012 as a Property and Energy Underwriter with a brief to grow its international property book. Prior to Hiscox, he worked at Axis Capital and Allied World Assurance Company/AWH syndicate 2232, with a focus on international property and MGA business.
Commenting on the new appointment, David Slevin said: “Our Alternative Distribution division has already made significant inroads across a wide range of portfolio insurance opportunities; our relationship with WhiteOak Underwriting being a perfect example of where we’ve been able to add additional auto insurance products to our existing product lines. Adam’s proven underwriting experience and entrepreneurial flair will help us aggressively pursue more, particularly by developing underwriting partnerships in classes of business where we do not currently specialise.”
Adam Holberry added: “Alternative distribution allows us to use our capacity as well as wording and pricing knowledge in new areas of insurance coverage where there is an availability of third party underwriting expertise. Whether it’s a binding authority, lineslip, master policy, MGA or Lloyd’s consortium, we are open to a wide range of opportunities where we can bring additional value for the customer.”
Supporting Holberry in the team will be Mark Wallace as Head of Aerospace and Specialty Pricing and Madison Robinson as Senior Underwriting Assistant.
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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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