29 May 2014News

Hiscox Re completes its executive team with CUO hire

Hiscox Re has appointed Mike Krefta as chief underwriting officer, to lead its underwriting teams in London, Bermuda and Paris.

In his new role, Krefta will be responsible for the formation of the Hiscox Re underwriting strategy.

Based in Hiscox’s London office, Mike will report to Jeremy Pinchin, CEO of Hiscox Re.

Jeremy comments: “Mike is the last key appointment in the formation of our Hiscox Re executive team.  As CUO he will play an important part as we navigate the changes brought about by an influx of new capital and the creation of new capital market structures.”

Mike has been with Hiscox since June 2003 and has worked within both the retail and syndicate parts of the business. He started work at Hiscox as a MI analyst in the retail team before moving into the catastrophe modelling team in the London market as a senior analyst.

In 2005, he joined the reinsurance team writing on its global reinsurance account before moving on to run Syndicate 33’s North America and Caribbean account in 2012. In 2013, he was appointed director of non marine underwriting in London for Hiscox Re.