Hiscox Re & ILS, the reinsurance and insurance linked securities arm of Hiscox, has announced that it has appointed Minesh Shah as its new Director of Underwriting Risk.
Shah will join the firm on May 1, 2023. Within his new role, he will be responsible for driving optimisation across Hiscox Re & ILS’ diverse reinsurance portfolio and those for third party capital.
Based in Bermuda, Shah will also become a member of the Hiscox Re & ILS executive team, where he will report to Kathleen Reardon, CEO of Hiscox Re & ILS.
Overall, Shah brings over 25 years of experience within property and casualty reinsurance across Bermuda and London, towards the role.
Currently he serves as Chief Actuary and Chief Risk Officer at Hamilton Re, where he holds responsibility for all aspects of reserving, pricing, and capital modelling.
Before he joined Hamilton Re, Shah held a number of senior roles in underwriting risk in Bermuda and London with Platinum Underwriters, Renaissance Re and XL Catlin.
Addressing his appointment, Shah said: “I am thrilled to be joining Hiscox, a brand which I have admired for some time now and one with a strong reputation for excellence in underwriting and risk management. I am looking forward to leading the talented team of risk professionals in Hiscox Re & ILS.”
Katheen Reardon, CEO Hiscox Re & ILS, commented: “I am delighted to have Minesh join Hiscox Re & ILS. His extensive experience in reinsurance pricing, reserving and risk management will complement our existing risk team. As we look to seize the opportunities in this hard market, Minesh’s expertise will be a great asset.”
