Hiscox has launched a new crisis management division within its London Market business. The new launch will include K&R, terrorism, product recall and personal accident lines, as well as the insurer's Security Incident Response offering.
The new team will be led by Mike Williams, and brings together Hiscox teams in London, Guernsey and Miami. Charlie Hanbury will run the London K&R team and global Security Incident Response team; Liz Prior will manage the Guernsey K&R team; and Napo Montes-Amaya will be responsible for K&R & Hiscox MGA from Miami. Kevin Henry (the current CUO of Hiscox Special Risks) will become the global product head for K&R.
Rich Halstead, David Burke and Jason Innes remain as line underwriters for terrorism, product recall and personal accident respectively, with all three reporting to Williams.
Mike Williams, divisional director of crisis management at Hiscox London Market, said: “Crisis management has been a core part of Hiscox’s DNA for many years and it makes good sense to bring our market leading expertise across K&R, terrorism, Security Incident Response, product recall and personal accident into one division, supported by our partner Control Risks.
“No business is immune to security incidents involving its employees, products and services, or wider operations and the potential for unexpected and damaging consequences. Whether it’s safeguarding employees from a terrorist threat, to advising on a local kidnap risk for an overseas subsidiary, or helping to protect a corporate reputation from a product contamination incident, this change will ensure that our world class crisis management capabilities continue to lead the way; providing our clients with the reassurance they need in an uncertain environment.”
Nick Allan, CEO at global risk consultancy and partner, Control Risks, added: “Control Risks and Hiscox have a strong partnership going back decades. We welcome the formation of Hiscox’s new crisis management division and the continuation of our ongoing successful partnership as we work together to support clients in times of crisis.”
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