Hiscox Re ILS gets new portfolio manager

Hiscox’s insurance linked securities (ILS) asset management arm Hiscox Re Insurance Linked Strategies has appointed Dr Ben Fox to its Bermuda-based ILS investment team as portfolio manager.

Fox was previously principal of Insurance-Linked Securities at Ontario Teachers’ Pension Plan, which he joined in July 2014. In this role he co-managed the Plan’s ILS portfolio and was responsible for all analytics including portfolio construction and optimisation capabilities. He holds a Master’s degree in Earth Sciences and a PhD in Seismology from the University of Oxford.

“I’m thrilled that Ben is joining us,” said Mike Krefta, chief executive officer Hiscox Re & ILS. “His experience with a sophisticated institutional ILS investor will complement the existing underwriting and analytical expertise of our Hiscox Re & ILS team. This appointment represents our continued commitment to the ILS asset class and we’re excited about its future.”

The appointment is subject to Bermuda immigration approval.