Hiscox names new managing principal for its ILS business

Hiscox has named a new managing principal for Hiscox ILS to spearhead the evolution of its ILS offering.

Vincent Prabis takes a place on the Hiscox Re & ILS executive team and reports to Kathleen Reardon, chief executive officer of Hiscox Re & ILS, once his appointment receives Department of Immigration and Bermuda Regulatory approval.

Prabis formerly served as head of ILS strategies at SCOR Investment Partners, overseeing the strategic direction of its ILS business.

Reardon said: “The depth of Vincent’s experience in asset management made him the stand-out candidate to drive our ILS business forward. Vincent brings to the role proven leadership ability and a passion for delivering superior service to sophisticated institutional ILS investors.”

Prabis added: “With the current investment landscape providing plenty of attractive opportunities, I look forward to joining the ILS team and helping the business to achieve its ambitious goals.”