Hiscox lands Hamilton chief/ex-XL Catlin to capitalise on hard market

Specialist global insurer  Hiscox has drawn a top executive from Hamilton Re with leadership experiences in Bermuda and London at RenRe and XL Catlin to help seize new opportunities in the current hard market.

Minesh Shah (pictured) is to join Hiscox Re & ILS, the reinsurance and insurance linked securities arm of Hiscox, on May 1 as its new director of underwriting risk.

Shah will be responsible for driving optimisation across Hiscox Re & ILS’ diverse reinsurance portfolio and those for third party capital. Based in Bermuda, he will become a member of the Hiscox Re & ILS executive team and will report to Kathleen Reardon, CEO of Hiscox Re & ILS.

Shah has over 25 years of experience in property and casualty reinsurance across Bermuda and London. He is currently chief actuary and chief risk officer at Hamilton Re, where he is responsible for all aspects of reserving, pricing, and capital modelling. Prior to Hamilton Re, Shah held a number of senior roles in underwriting risk in Bermuda and London with Platinum Underwriters, Renaissance Re and XL Catlin.

Reardon said: “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.”

Minesh commented: “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.”

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