Specialist insurer Hiscox has named a new CEO for its Hiscox Re and ILS businesses.
Kathleen Reardon, who was most recently chief executive officer of Hamilton Re, will now step into the role held by Mike Krefta who is set to step down early in 2021.
Reardon is well known for her time at ACE, where she held a variety of actuarial and underwriting roles, before she joined Hamilton Re in 2013 as chief underwriter (property), being appointed CEO a year later. In addition, Reardon is a fellow of the Casualty Actuarial Society, and served in 2020 as the chair of the Reinsurance Association of America.
According to Hiscox Group CEO Bronek Masojada, Reardon’s depth of knowledge and presence in global reinsurance will make her a tremendous asset.
“Kathleen brings the market knowledge and leadership skills we need to ensure that Hiscox Re & ILS can take advantage of a hardening market and deliver good returns to our reinsurance partners, ILS investors, and shareholders,” said Masojada. “She will also ensure our offering to cedents evolves as the market evolves. I look forward to working with her and benefiting from her fresh perspective.
“I would also like to thank Mike Krefta our current CEO of Hiscox Re & ILS. Mike joined in 2003 as a management information analyst and rose through the ranks to become CUO and then CEO for the last four years. Through his underwriting expertise, energy and commitment, Mike has made an impressive contribution to Hiscox. This includes Mike’s efforts as executive sponsor for our ESG commitments, he has passionately brought together activities from across the group to form a comprehensive plan gaining the support of the board, colleagues and external stakeholders. He leaves with our very best wishes for the next chapter.”