Hiscox enhances professional risks division

Two senior executives join global insurer in fast growing area

Hiscox enhances professional risks division

Insurance News


Specialist insurer Hiscox has announced appointments to two senior executive roles in its “fast-growing” professional risks division.

Joseph Reynolds has been appointed to vice president, architects and engineers product head, while Thomas Rea has been made vice president, professional liability product head. Both new hires will be based in New York and will report to Hiscox USA’s senior vice president, head of professional risks, David Egosi, the insurer said in a statement.

Reynolds has 15 years of insurance industry experience under his belt. He previously spent three years at XL Group as Vice President and A&E Product Head, where he managed one of the largest Architects & Engineers E&O portfolios in North America.

“Joseph has demonstrated throughout his career a proven track record in revenue expansion, product innovation and organizational optimization,” said Egosi.

For his part, Rea has 20 years of professional liability experience and joins Hiscox after seven years at Travelers as underwriting director, where he managed their national MPL and Real Estate E&O portfolios.

“Thomas’s ability to develop and refine product strategies and work collaboratively in a highly matrixed organization will be a tremendous asset to our team,” said Egosi.

Last month, Hiscox announced the appointment of Josh Nevin as chief operating officer for its US business unit. Prior to his appointment at the specialist insurer, Nevin was the COO at Wagner Oil Company. He has also served as an engagement manager at McKinsey & Company and vice president of operations and business development at Pellion Technologies. He has also worked on GE Energy’s experienced commercial lending program.

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