Specialist re/insurance firm Hiscox has announced that Jeremy Pinchin is set to retire at the end of February 2019, and will be succeeded in his claims responsibilities by Grace Hanson, who will join the company in January.
Pinchin joined Hiscox in 2005 as the group’s first Claims Director and has since occupied a number of senior positions including Chief Executive Officer of Hiscox Re and ILS, CEO of Hiscox Bermuda and Group Company Secretary.
Since taking up the role of Claims Director Pinchin has built a team of more than 250 people across 14 locations.
Following his appointment as the first CEO of Hiscox’s global reinsurance business in 2013 Pinchin lead the creation of Kiskadee Investment Managers, Hiscox’s specialist ILS manager which now has $1.7 billion under management.
In early 2002 Pinchin joined Lloyd’s to lead a team coordinating the market’s management of its exposure to the losses arising from September 11.
Moving forward, he will serve as Chairman of Hiscox Special Risks and Chairman of Hiscox Pension Trustees.
Hanson first moved into the insurance industry in 2001 when she joined AIG and relocated to Bermuda.
She has since served for firms including the AIG-sponsored Allied World and the insurtech business Homesite.
“I would like to thank Jeremy for his outstanding and enduring contribution to Hiscox. He ensured that Hiscox delivered on its Claims Promise to customers in their hour of need, and the awards the team received are testament to his leadership,” said Hiscox CEO, Bronek Masojada.
“He also shaped the growth and development of Hiscox Re & ILS, and our market position reflects this. I’m delighted we will continue to benefit from his sage counsel through his Chairmanship of Hiscox Special Risks and Hiscox Pension Trustees.”
“Paying claims will always be at the heart of our business, and Grace’s leadership experience, values and global expertise make her an excellent leader of the team. Her breadth of knowledge, from global catastrophe and retail claims through to insurtech in many of our key markets will be invaluable to the Group.”
Commenting on her appointment, Grace added, “I’m very excited and honoured to join Hiscox as Group Claims Director, to support its goal of delivering unparalleled customer service, while remaining at the forefront of the newest developments in the insurance industry.”