Special insurer Hiscox Ltd. On Wednesday, Kathleen Reardon, former CEO of Hamilton Re Ltd., was named CEO of its reinsurance and ILS business.
Ms. Reardon, who left Hamilton Re in August, succeeds Mike Krefta. Hiscox previously announced that Krefta would retire in early 2021.
In his new role, Reardon will sit on Group Management and will be based in Bermuda and lead both reinsurance and ILS teams working from Bermuda and London, Hiscox said. in a statement.
Prior to joining Hamilton Re in 2013, she spent her early career at ACE in a variety of actuarial and insurance roles and rose to the position of Chief Insurance Officer for International Real Estate at ACE Tempest Re 2005, based in Bermuda.
Ms. Reardon's market knowledge and leadership skills will "ensure that Hiscox Re & ILS can benefit from a hardening market and deliver good returns to our reinsurance partners, ILS investors and shareholders," said Bronek Masojada, Hiscox CEO, in the statement. [1