Hiscox’s Kiskadee team grows

Kiskadee Investment Managers the ILS asset management subsidiary of Hiscox Re, has appointed Richard Lowther as COO and Alan Cossar as non-executive chairman of the two new Kiskadee ILS funds managed by Kiskadee Investment Managers.

Lowther will be based in Bermuda and will be responsible for the development of the overall infrastructure of the business as well as day-to-day operations. He previously worked at Validus subsidiary AlphaCat, where he was also COO.

Cossar was previously chairman of the Bermuda Monetary Authority from 2010 to 2012.

Commenting on the appointments, Jeremy Pinchin, Hiscox Re’s CEO, says: “The successful launch of Kiskadee offers a truly differentiated proposition to ILS investors; combining superior risk selection, diversification and portfolio design whilst leveraging the best of Hiscox Group and its experience of third party capital management.

“Richard Lowther’s operational ILS expertise will play a crucial role as we continue to scale up our operations, while Alan Cossar will provide valuable insight and guidance to our Kiskadee management team. I look forward to welcoming them both from 1 April, 2014.”