Fidelis Insurance disclosed it is hiring a former Hiscox Re executive to help lead a new effort focused on niche specialty excess of loss business. Lloyd’s has a new deputy chairperson. Willis Re North America named a new head of Analytics. Zurich North America beefed up its cyber practice with another new executive hire.
A former Hiscox Re executive is joining Fidelis Insurance to help launch a new venture.
Rob Ashton is slated to lead the effort once it launches on Jan. 1, 2018, with a focus on niche specialty excess of loss business, particularly the high growth cyber reinsurance market. Fidelis plans to provide the working capital and the cornerstone capacity to the venture.
While the new venture is being finalized, Ashton will underwrite on Fidelis’ account. Previously, he spent more than four years as head of specialty at Hiscox Re Specialty.
Fidelis Insurance Holdings Ltd. is a privately-owned Bermuda-based holding company whose subsidiaries provide specialty insurance and reinsurance products for property, energy and marine risk classes.
Robert Childs has been appointed Deputy Chairman of Lloyd’s, effective immediately.
The non-Executive Chairman of Hiscox takes over from Paul Jardine, who retired from the role earlier this year after nine years on Council. Childs will be one of three Deputy Chairmen of Lloyd’s, the body that is responsible for the management and supervision of the Lloyd’s market.
Childs joined Hiscox in 1986 where he was the Active Underwriter of their Lloyd’s Syndicate 33 between 1993 and 2005. He also founded their reinsurance company in Bermuda and was Chairman of Hiscox. Childs was elected to the Council of Lloyd’s as the nominated representative of an external member in 2012.
Zurich North America hired Yosha DeLong as vice president of underwriting, a job designed to further boost the insurer’s cyber capabilities.
DeLong is leading the continued development of cyber risks efforts focused on areas including property damage, bodily injury and business interruption. Tasks will include coordinating and monitoring cyber as a peril across all lines of business. As well, she will be responsible for the performance of the Security & Privacy portfolio through technical underwriting strategy and governance; product development; risk selection; and pricing.
DeLong will report to Joe Sullivan, technical director, Professional, Health, Accident and Warranty.
Previously, DeLong was the London Regional Executive for Ironshore Europe Ltd, overseeing all IronPro product lines for US business written through London. She has more than 20 years of insurance industry experience both as an underwriter and broker.
Brian Ingle appointed as head of Analytics for Willis Re North America. He takes over a slot vacated by Alice Underwood, who was appointed as head of Risk Consulting and Software. He will report to Jim Bradshaw, CEO, Willis Re North America.
Ingle joined Willis Re in 2006 and most recently has led its actuarial practice. Before joining Willis Re, Ingle served as the Workers’ Compensation practice leader at Converium Re N.A. and also served as a pricing actuary in their casualty department.
Meanwhile, Jason Harger and Jason Rosin will become the co-heads of Willis Re’s North America Actuarial Practice and continue to drive its strategic and tactical goals.
Sources: Fidelis Insurance, Lloyd’s Willis Re North America, Zurich North America