Retired Hiscox chairman awarded Lloyd’s gold medal

Robert Hiscox, who recently stepped down after almost half a century of working in the insurance industry, was awarded the Gold Medal for Services to Lloyd’s at a ceremony in London this week. Hiscox is only the 17th person to receive the honour since its inception in 1919.

Lloyd’s chairman, John Nelson commented: “Robert Hiscox is a truly deserving recipient of the Gold Medal. He worked tirelessly to help drive through vital reforms that brought the Lloyd’s market from the brink and set such a solid platform for the market’s current strong position.”

According to Nelson, Hiscox was a key voice in the lead up to Lloyd’s “challenging” reconstruction and renewal period. He also chaired the value group, which led to the introduction of value for syndicate capacity and the introduction of capacity auctions.