Hiscox Re & ILS hires senior exec from Hamilton Re

Hiscox Re & ILS has hired a senior executive from Hamilton Re as its new director of underwriting risk.

Minesh Shah (pictured) will join on 1 May and will be responsible for driving optimisation across Hiscox Re & ILS’ diverse reinsurance portfolio and those for third party capital. Based in Bermuda, he will become a member of the Hiscox Re & ILS executive team and will report to Kathleen Reardon, CEO of Hiscox Re & ILS.

A qualified actuary, Shah has over 25 years of experience in property and casualty reinsurance across Bermuda and London. He is currently chief actuary and chief risk officer at Hamilton Re, where he is responsible for all aspects of reserving, pricing, and capital modelling. Prior to Hamilton Re, Shah held a number of senior roles in underwriting risk in Bermuda and London with Platinum Underwriters, Renaissance Re and XL Catlin.

Reardon commented: “I am delighted to have Minesh join Hiscox Re & ILS. His extensive experience in reinsurance pricing, reserving and risk management will complement our existing risk team. As we look to seize the opportunities in this hard market, Minesh’s expertise will be a great asset.”

Minesh added: “I am thrilled to be joining Hiscox, a brand which I have admired for some time now and one with a strong reputation for excellence in underwriting and risk management. I am looking forward to leading the talented team of risk professionals in Hiscox Re & ILS.”