Leadership Change Within Hiscox Re & ILS
Hiscox Bermuda today announced that Mike Krefta, who is currently the Hiscox Re & ILS CEO based in Bermuda, will be leaving Hiscox in early 2021.
A spokesperson said, “Hiscox, the global specialist insurer, today announces that Mike Krefta has decided to return to the UK in early 2021, having completed almost four years as CEO of Hiscox Re & ILS based in Bermuda. After 17 years with Hiscox, Mike is looking to pursue interests outside of the insurance sector, and so will be leaving the business at the same time. The search for his successor has commenced, and an appointment will be announced in due course.
“Mike has worked for Hiscox in both London and Bermuda in a variety of accounting, underwriting and catastrophe modelling roles, predominantly across our big-ticket businesses. He has served as Hiscox Re Chief Underwriting Officer, Joint Active Underwriter of Syndicate 33 and Active Underwriter for Syndicate 6104, before becoming CEO of Hiscox Re & ILS and a member of the Executive Committee in 2017. As CEO of Hiscox Re & ILS, Mike has overseen a 105-strong team, built a $866.5 million GWP business, and helped significantly grow our third party capital capability including our ILS funds which now have Assets under Management of $1.5 billion.
“Mike has also brought his personal interest in philanthropic and environmental causes to two other roles he has held at Hiscox; as a Trustee to the Hiscox Foundation, our charitable foundation, and as Executive Sponsor for ESG, overseeing the development of our ESG strategy.
Bronek Masojada, Hiscox Group CEO, commented: “Mike has made an impressive contribution to the Hiscox Group during his tenure, and we have benefitted from his underwriting expertise, energy and commitment to the Group. I would like to thank Mike for all he has done for Hiscox and he leaves with our very best wishes for the next chapter.”
Mr Krefta added: “This has been a difficult decision to make as Hiscox is a growing company with a bright future. It has been a great place to build a career, and I look forward to seeing the business prosper – both as a passionate supporter, and as a shareholder.”
