Hiscox Re, the newly combined reinsurance operations of Hiscox, announced the appointments of Reeva Bakhshi as chief financial Officer and Paresh Thakrar as chief operating officer on Monday.

CFO Bakhshi will be based in Hiscox’s Bermuda office. She previously held a number of high profile roles within Hiscox, most recently as Finance Director for Hiscox Europe.

She joined Hiscox in 2006 from ACE.

Thakrar, who joined Hiscox in 2013 as Head of Strategy and Business Analysis from McKinsey and Company, will be based in Hiscox’s London office. Prior to his stint at McKinsey, Thakrar worked for the Foreign & Commonwealth Office and Ministry of Defense across a range of national defense issues.

Commenting on the appointments in a statement, Jeremy Pinchin, Hiscox Re’s CEO, said: “We formed Hiscox Re as a direct response to the fundamental changes which are challenging the traditional reinsurance model. Both Reeva and Paresh will bring a great deal of strategic know-how to our business as we continue to adapt to take advantage of the opportunities in this new market environment.”

Source: Hiscox Re