London, UK (12 May, 2023) – Specialist global insurer Hiscox has announced the promotions of Lorraine Mackey to Line Underwriter – Oil and Gas, and Louis Cozon to Line Underwriter - Power and Renewables. They will lead Hiscox London Market’s energy offering together, which will also benefit from the appointment of Tim Welsh as Senior Energy Underwriter.
Lorraine and Louis have over 25 years of combined energy insurance experience and currently report to Hiscox London Market’s Chief Underwriting Officer, Paul Lawrence. They will manage an overall energy team of seven underwriters, based in Hiscox’s 22 Bishopsgate office in London. The team will now include Tim Welsh, who brings a wealth of industry experience following a 28-year career at MS Amlin, including as Global Product Leader Energy.
Commenting on the promotions, Paul Lawrence says: “Hiscox London Market is all about embracing risk in an evolving world, and few industries are evolving as rapidly as the energy sector. Lorraine, Louis and the wider team’s experience positions us well to support traditional energy producers on their journey to decarbonisation, as well as renewable energy providers, as part of our ongoing commitment to the sector and its changing needs.”
On Tim’s appointment, Lorraine adds: “Tim will be a great asset to the team and his appointment further underlines Hiscox’s intention to lead in energy insurance. With a global appetite for energy clients and an intent to support new renewable energy technology, we will continue to build the Hiscox energy team over the next year to make sure we deliver leading services and innovation for our clients.”
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Hiscox is a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). Our ambition is to be a respected specialist insurer with a diverse portfolio by product and geography. We believe that building balance between catastrophe-exposed business and less volatile local specialty business gives us opportunities for profitable growth throughout the insurance cycle.
The Hiscox Group employs over 3,000 people in 14 countries, and has customers worldwide. Through the retail businesses in the UK, Europe, Asia and the USA, we offer a range of specialist insurance for professionals and business customers as well as homeowners. Internationally traded, bigger ticket business and reinsurance is underwritten through Hiscox London Market and Hiscox Re & ILS.
Our values define our business, with a focus on people, courage, ownership and integrity. We pride ourselves on being true to our word and our award-winning claims service is testament to that. For more information, visit www.hiscoxgroup.com.
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