Hiscox reveals double rent | Insurance coverage Enterprise

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Global specialty insurer Hiscox has announced two new appointments in Insurance-Linked Securities (ILS) and Energy.

It has appointed Vincent Prabis as executive director of Hiscox ILS. As managing director, Prabis will be responsible for leading the company’s ILS “evolution”, according to a press release, by ensuring that investor demand for quality solutions is met. As part of his appointment, he will also join the leadership team at Hiscox Re & ILS and will report to Kathleen Reardon, CEO of Hiscox Re & ILS.

Prabis’ appointment is subject to approval from the Department of Immigration and Bermuda Regulatory.

Prior to joining Hiscox, Prabis was most recently Head of ILS Strategies at SCOR Investment Partners.

Hiscox has also named Riaz Thanduparakkal as line underwriter for the company’s energy business. He will lead the unit’s underwriting team in developing its product offering for the energy sector. Thanduparakkal will report to Hiscox Marine, Energy and Specialty Divisional Director Mike Southgate.

Based in Hiscox’s London office, Thanduparakkal joins Hiscox after more than a decade with the Chubb Group, where he most recently held the positions of Product Director Energy in the company’s wholesale division for the London market; as well as Head of Multinational and Network Development, Energy. Prior to Chubb, Thanduparakkal was Account Manager for the energy division of Marsh UK Limited and also held positions at Lloyd’s broker Crispin Speers & Partners and Oman Insurance in Dubai.