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Hiscox appoints Managing Principal for its ILS business

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  • Topics:
    • Alternative Capital
    • Market Moves

Hiscox has promoted Andrew Hughes to the role of Managing Principal, Hiscox ILS. His appointment is subject to Department of Immigration and Bermuda Regulatory approval...

 

Andrew has been with Hiscox ILS in Bermuda since 2015, working as its General Counsel and Chief Compliance Officer. Over this time he has played an important role in growing the team and its ILS capabilities. With assets under management now at $1.5 billion, Andrew will be responsible for overseeing the strategic direction of the ILS business, ensuring we are meeting investor demand for high-quality, innovative products.

 

Prior to Hiscox, Andrew worked at Queensland Investment Corporation (QIC), specialising in alternative asset class structuring and investments, and King & Wood Mallesons where he advised on structured finance and securitisation transactions.

 

Commenting on Andrew’s promotion, Mike Krefta, CEO of Hiscox Re & ILS, said: “It’s an exciting time at Hiscox ILS as we strive to meet sustained investor demand for high-quality, innovative and diversified solutions. Andrew’s tenacity and leadership qualities are exactly what we need to drive our ILS business forward so I am delighted with this appointment.”

 

Andrew said: “I’m looking forward to building on the strong foundations laid over the last 5 years at Hiscox ILS. Our funds are performing well and we have a great team in place with some interesting product initiatives in train.”