Hamilton, Bermuda (19 April 2023) – Hiscox Re & ILS, the reinsurance and insurance linked securities arm of the specialist global insurer Hiscox, has appointed Minesh Shah as its new Director of Underwriting Risk.
Shah will join on 1 May and will be responsible for driving optimisation across Hiscox Re & ILS’ diverse reinsurance portfolio and those for third party capital. Based in Bermuda, he will become a member of the Hiscox Re & ILS executive team and will report to Kathleen Reardon, CEO of Hiscox Re & ILS.
A qualified actuary, Shah has over 25 years of experience in property and casualty reinsurance across Bermuda and London. He is currently Chief Actuary and Chief Risk Officer at Hamilton Re, where he is responsible for all aspects of reserving, pricing, and capital modelling. Prior to Hamilton Re, Shah held a number of senior roles in underwriting risk in Bermuda and London with Platinum Underwriters, Renaissance Re and XL Catlin.
Katheen Reardon, CEO Hiscox Re & ILS, commented: “I am delighted to have Minesh join Hiscox Re & ILS. His extensive experience in reinsurance pricing, reserving and risk management will complement our existing risk team. As we look to seize the opportunities in this hard market, Minesh’s expertise will be a great asset.”
Minesh added: “I am thrilled to be joining Hiscox, a brand which I have admired for some time now and one with a strong reputation for excellence in underwriting and risk management. I am looking forward to leading the talented team of risk professionals in Hiscox Re & ILS.”
For further information please contact:
44 (0) 20 7081 4907
About The Hiscox Group
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 products in commercial and personal lines. 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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