Hiscox Ltd. Names Kathleen Reardon CEO of Hiscox Re & ILS

International specialist insurer Hiscox Ltd. has appointed Kathleen Reardon CEO of Hiscox Re & ILS, subject to regulatory approval. Ms. Reardon will succeed Mike Krefta, who announced in August that he will be stepping down in early 2021.

Ms. Reardon, who most recently was CEO of Hamilton Re, spent her early career at ACE in a variety of actuarial and underwriting roles, rising to chief underwriting officer for international property at ACE Tempest Re in 2005. She joined Hamilton Re in 2013 as chief underwriter (property) and was appointed CEO in 2014, a post she held until this year.

Ms. Reardon, who will be based in Bermuda, will sit on the company’s group executive committee, leading Hiscox’s reinsurance and insurance-linked securities teams which operate from Bermuda and London.

"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, insurance-linked securities (ILS) investors, and shareholders," Bronek Masojada, CEO of Hiscox Group, said in a statement. "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."