Specialist global insurer Hiscox has hired Michael Krefta as CEO of Bermuda-based reinsurer Hiscox Re and ILS and Hiscox Bermuda, replacing Jeremy Pinchin, effective August 1, 2017.
Pinchin will step down from his Bermuda-based roles after five years to return to London, where he will continue in his role as Hiscox Group Claims Director and as a member of the Hiscox executive committee. He will also join the Board of Hiscox Special Risks.
Krefta currently serves as chief underwriting officer of Hiscox Re, and in his new leadership role will be based in Bermuda and report to group CEO Bronek Masojada. He will also join the Hiscox executive committee.
Krefta was appointed director of non-marine underwriting when Hiscox Re was formed in 2013. In 2014 he was appointed as Hiscox Re’s chief underwriting officer, at the same time serving as joint active underwriter of Syndicate 33 and active underwriter for Syndicate 6014.
“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,” said Masojada.
“I look forward to working closely with Michael as he leads the business through its next phase of growth, particularly as our ILS business grows in significance with now more than $1 billion assets under management (AUM)."
Hiscox, Hiscox Re, Bermuda, UK, Insurance, Reinsurance, ILS, Appointment, Michael Krefta, Jeremy Pinchin, Bronek Masojada, Risk management