Hiscox extends London market business to Brazil

Specialist global insurer Hiscox has appointed Simon Zelenoy, formerly of Argo, to develop its London market business in Brazil.

In a business development role, Zelenoy will be responsible for finding new opportunities in core lines of business such as marine & energy, property, contingency and fine art.

Hiscox said that all leads will be referred back for underwriting through Lloyd’s in London. Based in Lloyd’s representative office in Rio, Zelenoy will report to Hiscox London market upstream energy Line underwriter, Carl Day.

Zelenoy brings 22 years of re/insurance experience to Hiscox, having worked as an underwriter, a broker and a risk manager within the oil and gas and power utility industries.

He joins Hiscox from Argo Syndicate in Brazil where he spent two years as director. He has also worked for Willis, as director of their treaty division, JLT, Heath Lambert and Aon.

Day said: “Simon’s appointment is an important step for us as a business as it will provide us with increased access to an attractive market. Simon’s contact base will lead to good opportunities matched against our appetite across identified key classes. We are both keen to start building a bigger Brazilian book right away.”

Zelenoy added: “This is the first time that Hiscox London Market has had on-the-ground representation in Brazil, so I look forward to introducing my insurance and reinsurance contacts to Hiscox’s expert underwriting and focus on excellent customer service.”