Hiscox, a specialist global insurer has promoted Lorraine Mackey to the role of Line Underwriter – Oil and Gas, and Louis Cozon to the role of Line Underwriter – Power and Renewables.
The company has confirmed that they will both lead Hiscox London Market’s energy offering together, which will also benefit from the appointment of Tim Welsh as Senior Energy Underwriter.
Mackey and Cozon have over 25 years of combined energy insurance experience. They both currently report to Hiscox London Market’s Chief Underwriting Officer, Paul Lawrence.
In their new roles, they will both manage an overall energy team of seven underwriters, based in Hiscox’s 22 Bishopsgate office in London.
At the same time, the team will also include Tim Welsh, who brings a wealth of industry experience following a 28-year stint at MS Amlin, including as Global Product Leader Energy.
Addressing the promotions, Paul Lawrence said: “Hiscox London Market is all about embracing risk in an evolving world, and few industries are evolving as rapidly as the energy sector. Lorraine, Louis and the wider team’s experience positions us well to support traditional energy producers on their journey to decarbonisation, as well as renewable energy providers, as part of our ongoing commitment to the sector and its changing needs.”
On Welsh’s appointment, Mackey added: “Tim will be a great asset to the team and his appointment further underlines Hiscox’s intention to lead in energy insurance. With a global appetite for energy clients and an intent to support new renewable energy technology, we will continue to build the Hiscox energy team over the next year to make sure we deliver leading services and innovation for our clients.”
In their Q123 results, Hiscox reported that net insurance contract written premiums (ICWP) increased by 7.4% to $1.42 billion.