Jeremy Pinchin is stepping down from his Bermuda leadership roles at Hiscox.
Pinchin, who is CEO of Hiscox Re and ILS and Hiscox Bermuda, will return to London next year.
Michael Krefta will take over the Bermuda-based roles on 1 August 2017.
In London, Pinchin will continue in his role as Hiscox Group claims director and as a member of the executive committee. He will also join the board of Hiscox Special Risks.
Krefta currently serves as chief underwriting officer of Hiscox Re. In his new leadership role, he will be based in Bermuda and report to group CEO Bronek Masojada. He will also join the executive committee.
Masojada commented: “Jeremy Pinchin has had a huge influence on the evolution of our Bermudian operation. It is under his leadership that Hiscox Re was not only created but has since successfully navigated a turbulent reinsurance market. He also initiated the creation of Kiskadee Investment Managers, our ILS fund manager, and evolved our approach to product innovation, with repeated success.”
“In returning to London, I am confident our group claims function will continue to benefit hugely from his leadership.”
Of Krefta’s appointment, Masojada said: “Throughout the recent transformation of our reinsurance business, Michael Krefta has expertly guided the underwriting integrity that is so attractive to our third party supporters, while instituting a more commercial approach in our underwriting.”
“I look forward to working closely with Michael as he leads the business through its next phase of growth, particularly as our ILS business grows in significance with now more than $1 billion in assets under management.”
