Specialist insurer Hiscox has announced that Mike Krefta will be leaving the company in 2021 after nearly four years as CEO of Hiscox Re & ILS in Bermuda.
Krefta is said to be returning to the UK and will be pursuing interests outside of the insurance sector.
He departs after nearly 17 years with Hiscox and a search for his successor has already commenced.
Having worked in both the UK and Bermuda across a variety of accounting, underwriting and catastrophe modelling roles, Krefta also serves as a Trustee to the company’s charitable foundation.
He worked as Hiscox Re Chief Underwriting Officer, Joint Active Underwriter of Syndicate 33 and Active Underwriter for Syndicate 6104, before becoming CEO of Hiscox Re & ILS and a member of the Executive Committee in 2017.
Commenting on the announcement, Krefta said, “This has been a difficult decision to make as Hiscox is a growing company with a bright future. It has been a great place to build a career, and I look forward to seeing the business prosper – both as a passionate supporter, and as a shareholder.”
Bronek Masojada, Hiscox Group CEO, added “Mike has made an impressive contribution to the Hiscox Group during his tenure, and we have benefitted from his underwriting expertise, energy and commitment to the Group.
“I would like to thank Mike for all he has done for Hiscox and he leaves with our very best wishes for the next chapter.”