Kiskadee appoints CCO/General Counsel and Portfolio Manager

Hamilton, Bermuda, (9 October, 2015) – Hiscox Re’s Insurance Linked Strategies (ILS) operation, Kiskadee Investment Managers, has announced two senior appointments. Andrew Hughes will assume the role of ILS Chief Compliance Officer and General Counsel, and Dr Matthew Swann has been appointed to the position of Portfolio Manager. In addition, Michael Jedraszak, who has served as the Director of ILS since the formation of Kiskadee, has been named Chief Investment Officer of Hiscox Re Insurance Linked Strategies.

Andrew Hughes joins Kiskadee from Australia based QIC Limited – an Australian state-owned investment manager with over AUD 70 billion in assets – where he was Senior Legal Counsel advising on a broad range of funds and investments (both buy-side and sell-side) across multiple alternative asset classes. As a lawyer with ten years' post qualification experience, Hughes has also worked as a Senior Associate within the structured finance and securitisation team at King & Wood Mallesons. Reporting to Richard Lowther (Chief Operating Officer - ILS), he will be based in Bermuda and will advise on legal and product structuring areas as well as assuming full responsibility for the ILS compliance function.

Matthew Swann is transferring from Hiscox Re’s London office, where he held the role of Senior Non-Marine Treaty Underwriter. Swann joined Hiscox in 2007 as a Catastrophe Modelling Analyst after completing a PhD in climate prediction. He holds a first class honours degree in geography from the University of Oxford.  Also reporting to Lowther, he will relocate to Hiscox Re's ILS office in Bermuda.

Commenting on the new appointments, Jeremy Pinchin, CEO Hiscox Re, said: “These new appointments represent our continued commitment to invest in the development of Kiskadee. With assets already exceeding US$600million, Andrew Hughes and Matthew Swann are very welcome additions to the team, alongside Richard Lowther COO and Michael Jedraszak CIO, as we continue to develop the depth and breadth of Kiskadee products for the benefit of investors and our clients."

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Hiscox Ltd

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About Hiscox

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.