Hiscox taps line underwriter for general liability

Hiscox taps line underwriter for general liability | Insurance Business America

Hiscox taps line underwriter for general liability

Global specialist insurer Hiscox has announced the appointment of Lara Frankovic as line underwriter for general liability. In her new role, Frankovic will lead a general liability underwriting team focusing primarily on large US-domiciled accounts. She will report to Matthew Webb, Hiscox London Market’s divisional director of casualty.

Frankovic joined Hiscox last year as senior liability underwriter. Prior to joining the company, she served as a facultative reinsurance underwriter at GenRe.

“Given the long tail and complex nature of the general liability risks we underwriter, and the market challenges in areas like social inflation, we recognize the importance of delivering the long-term stability and sustainability our clients and brokers need and expect from us,” Webb said. “Lara has excelled since joining us, and this promotion is richly deserved recognition of her underwriting nous and expertise, underscoring our confidence in her ability to further build on our reputation as a major lead market in this class.”

Read more: Hiscox names new head of underwriting counsel

“While market conditions have been challenging for some time, Hiscox has maintained a consistent underwriting approach for general liability risks,” Frankovic said. “And we will continue to offer a broad appetite, backed up by skilled underwriting, to meet the needs of our clients and brokers. Our philosophy is to find a way to say yes to the difficult, complex risks that other markets might decline, while leading the way in new product innovation.”

Frankovic’s promotion is the latest in a series of appointments for Hiscox London Market, including the February appointments of Emily Taylor as line underwriter for marine and energy liability and Aimee Nolan as line underwriter for cargo.