Specialist insurer Hiscox has promoted Andrew Hughes to the role of managing principal, Hiscox ILS.
His appointment is subject to Department of Immigration and Bermuda Regulatory approval.
Hughes has been with Hiscox ILS in Bermuda since 2015, working as general counsel and chief compliance officer. With assets under management now at $1.5 billion, Hughes will be responsible for overseeing the strategic direction of the ILS business and ensuring that the unit is meeting investor demand for high-quality, innovative products.
Prior to Hiscox, Hughes worked at Queensland Investment Corporation (QIC), specializing in alternative asset class structuring and investments, and King & Wood Mallesons where he advised on structured finance and securitization transactions.
Source: Hiscox
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