Hiscox forms new crisis management division within London Market business

Specialist global insurer Hiscox has set up a new crisis management division within its London Market business to include kidnap and ransom (K&R), security incident response, terrorism, product recall and personal accident lines. Headed up by Mike Williams, the new division brings together Hiscox teams in...

...London, Guernsey and Miami, which were formerly part of Hiscox Special Risks.

Charlie Hanbury, head of crisis management rest of world, will run the London K&R and global security incident response teams; Liz Prior, managing director Guernsey, will manage the Guernsey K&R team; and Napo Montes-Amaya, head of crisis management Miami, will be responsible for K&R & Hiscox MGA from Miami. Kevin Henry, the current CUO of Hiscox Special Risks, will become the global product head for K&R.

Meanwhile, Rich Halstead, David Burke and Jason Innes will remain as line underwriters for terrorism, product recall and personal accident, respectively, with all three reporting to Williams.

Hiscox said the new structure better reflects the distribution-led, geographic approach adopted by the wider Group to serve clients, and aims to bring together its crisis related expertise to meet the evolving needs of its clients.

Williams, divisional director of crisis management at Hiscox London Market, said: “Crisis management has been a core part of Hiscox’s DNA for many years and it makes good sense to bring our market leading expertise across K&R, terrorism, Security Incident Response, product recall and personal accident into one division, supported by our partner Control Risks.

“No business is immune to security incidents involving its employees, products and services, or wider operations and the potential for unexpected and damaging consequences. Whether it’s safeguarding employees from a terrorist threat, to advising on a local kidnap risk for an overseas subsidiary, or helping to protect a corporate reputation from a product contamination incident, this change will ensure that our world class crisis management capabilities continue to lead the way; providing our clients with the reassurance they need in an uncertain environment.”

Nick Allan, CEO at specialist global risk consultancy Control Risks, added: “Control Risks and Hiscox have a strong partnership going back decades. We welcome the formation of Hiscox’s new Crisis Management division and the continuation of our ongoing successful partnership as we work together to support clients in times of crisis.”