Hiscox appoints Group Head of Capital Management
London (28th January 2015) – Specialist global insurer Hiscox has announced the appointment of Craig Martindale to the newly created role of Group Head of Capital Management.
Craig is a qualified actuary and has worked at Hiscox since 2009, occupying a number of roles. Initially as part of the group capital modelling team, he spearheaded the development of a capital model to calculate regulatory capital under Solvency II. More recently he has worked as part of the insurer’s underwriting risk and reinsurance team, where he played an important role in its underwriting and reinsurance purchase decisions. Prior to Hiscox, Craig spent four years at Deloitte in their general insurance actuarial consulting team and four years at Hewitt Associates as an institutional investment consultant.
Reporting to Chief Financial Officer, Stuart Bridges, in his new role Craig will be responsible for bringing together the capital models used across the business to provide one clear, consistent and accurate view of its capital management.
Stuart commented: “An increased focus on effective capital management made the creation of this role a natural next-step for our business. Craig has a deep understanding of Hiscox and extensive knowledge of our capital management processes, both of which are crucial in this new role.”
For further information please contact:
Lucy Hensher +44 (0) 20 7448 6619 [email protected]
Notes to editors
2009-2014 Capital Modelling Actuary, Risk Modelling Manager, then Interim Head of HSL Capital Modelling Team, Hiscox
2005-2009 Manager – Actuarial and Insurance Solutions, Deloitte LLP
2000-2005 Associate – Investment Practice, Hewitt Associates
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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