Specialist global insurer Hiscox has announced that the CEO of its Bermuda operations and reinsurance and ILS business will step down from the roles.
The company said Jeremy Pinchin will leave the Bermuda-based positions to return to London, where he will continue in his role as Hiscox group claims director.
Also in the UK capital, Pinchin will join the insurer’s executive committee and the board of Hiscox Special Risks.
“Jeremy 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,” said Group CEO Bronek Masojada.
“In returning to London, I am confident our Group claims function will continue to benefit hugely from his leadership,” he added.
Hiscox Re chief underwriting officer Michael Krefta has been appointed to replace Pinchin in the Bermuda-based roles effective August 01, 2017. He will report to Bronek Masojada and join the company’s executive committee.
Krefta has been with Hiscox since 2003, having spent the last 11 years in various roles within reinsurance, including director of non-marine underwriting.
“Throughout the recent transformation of our reinsurance business, Michael has expertly guided the underwriting integrity that is so attractive to our third party supporters, while instituting a more commercial approach in our underwriting,” Masojada said of Krefta.
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