3 May 2017News

Szakmary resurfaces at Hiscox Bermuda

Former CEO and portfolio manager at Blue Capital Management Adam Szakmary is the new director of underwriting at Hiscox Insurance Company Bermuda.

The previous director was Damien Smith, who is returning to London after six years in Bermuda to become the head of specialty for Hiscox Re.

Szakmary was previously at Sompo International’s asset management platform Blue Capital Management. He resigned from Blue Capital last month.

He will assume his new role in October, and be responsible for the company's underwriting activities in Bermuda including the internal reinsurance for the group.

Szakmary will join the Hiscox Re executive team, the underwriting leadership team as well as the board of Hiscox Insurance Company Bermuda. He will report to Mike Krefta, the incoming CEO of Hiscox Re and ILS.

Krefta said: "We are delighted to add Adam’s experience and skills to Hiscox Re. His expertise in building businesses and in specialty underwriting will be invaluable as we continue to develop our reinsurance offering."

Szakmary initially joined Montpelier Re, the former parent company of Blue Capital, in a terrorism underwriting and risk analytics role later becoming a founding executive of its Lloyd’s platform where he developed an international property risk book. He later went on to underwrite a US property-catastrophe book and take on a group-wide role focused on enterprise risk management.

The Bermuda-based re/insurer said that "specialty reinsurance is a growth area within Hiscox Re" and Smith will be tasked to further bolster the team, which already includes Jonathan Lord in London and Devin Page in Bermuda.




More on this story

News
19 April 2017   Hiscox has announced the appointment of Ian Penny as chief information officer (CIO) for the Hiscox Group. He takes over from interim CIO Gareth Wharton who is joining a new Hiscox cyber initiative.
News
9 May 2017   Hiscox has announced that its reinsurance division Hiscox Re shrank in the first quarter of 2017 when compared to the previous year, as it noted that rates remain under great pressure in certain classes of business.
News
28 June 2017   Hiscox has announced the appointment of Josh Nevin as chief operating officer (COO) for its Hiscox USA business unit. Nevin will be based in Atlanta and will report to Ben Walter, CEO of Hiscox USA.

More on this story

News
19 April 2017   Hiscox has announced the appointment of Ian Penny as chief information officer (CIO) for the Hiscox Group. He takes over from interim CIO Gareth Wharton who is joining a new Hiscox cyber initiative.
News
9 May 2017   Hiscox has announced that its reinsurance division Hiscox Re shrank in the first quarter of 2017 when compared to the previous year, as it noted that rates remain under great pressure in certain classes of business.
News
28 June 2017   Hiscox has announced the appointment of Josh Nevin as chief operating officer (COO) for its Hiscox USA business unit. Nevin will be based in Atlanta and will report to Ben Walter, CEO of Hiscox USA.