Hiscox merges casualty reinsurance teams

- Nick Pascall to lead new team

Hamilton, Bermuda, (15 September, 2015) – Hiscox has merged its Bermuda and London Market casualty reinsurance teams. The new division, operating under the Hiscox Re brand, and led by Nick Pascall as Head of Casualty Reinsurance, controls a combined portfolio of US$50m GWP across a wide range of casualty reinsurance products.

With business written out of both London through Hiscox’s Syndicate 33 and Bermuda through Syndicate 3624, the division writes a wide range of products including Medical Malpractice, General Liability, Excess and Umbrella Casualty, D&O, E&O and Auto Liability.

Nick Pascall joined Hiscox in 2013 from American Safety Re (Bermuda) where he was Chief Underwriting Officer. In his new role Pascall will be based in London where he will be supported by Senior Casualty Treaty Underwriter Ciaran Mulcahy. Sharmini Samuels, who has been promoted to Vice President, will continue to underwrite the account out of Bermuda.

Commenting on the new team, Mike Krefta, Chief Underwriting Officer, Hiscox Re said: “Casualty is a key part of our diversification strategy. Merging Hiscox’s London Market and Bermuda casualty teams under the Hiscox Re brand reflects our long term commitment to this class of business and will enhance our overall product offering to our clients and brokers.

“Nick’s appointment as Head of Casualty Reinsurance reflects the great work he has already achieved in building our casualty book out of Bermuda and I have no doubt he will lead the combined team to achieving further growth in this important area for Hiscox Re.”

Ends

For further information please contact:

Hiscox Ltd

Notes to editors

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.