These International People Moves detail appointments at Hiscox and Hiscox ILS as well as three appointments at Tokio Marine HCC International’s Professional Risks team.
A summary of these new hires follows here.
Hiscox, the specialist global insurer, has announced two appointments this week: Riaz Thanduparakkal as line underwriter – Energy, and Vincent Prabis as managing principal, Hiscox ILS.
Thanduparakkal will lead Hiscox’s underwriting team in developing its product offering for the energy sector as it transitions towards a cleaner and greener future.
Thanduparakkal, who will be based in Hiscox’s London office, joins after more than a decade at Chubb Group where he recently held roles including product head, Energy, within Chubb’s London market specialty wholesale division, and head of Multinational and Network Development, Energy. Prior to that, he was an account manager for Marsh UK Ltd.’s Energy practice. He also has held roles with Lloyd’s broker Crispin Speers & Partners and Oman Insurance in Dubai.
Reporting to Mike Southgate, Hiscox’s Divisional Director for Marine, Energy and Specialty, Thanduparakkal will lead a team of experienced energy underwriters – including upstream energy underwriters Lorraine Mackey and Louis Cozon.
Commenting on Thanduparakkal’s appointment, Southgate said: “Our energy clients’ businesses are rapidly evolving as the sector pivots towards more sustainable business models in line with their ESG commitments and we must also evolve and innovate with them.”
“Lloyd’s recent launch of its Sustainable Markets Initiative Insurance Task Force underlined the market’s commitment to help businesses ‘accelerate their transition to a sustainable future,'” commented Thanduparakkal. “We want to play our part in that transition, by supporting our clients with the risk products and services they need as their business models adapt, in line with our own ESG ambitions.”
Hiscox also announced the appointment of Vincent Prabis to the role of managing principal, Hiscox ILS. His appointment is subject to Department of Immigration and Bermuda Regulatory approval.
In his new role, Prabis will be responsible for spearheading the company’s ILS evolution, ensuring investor demands for high-quality, innovative and diversified solutions are met. He will also become a member of the Hiscox Re & ILS Executive team and will report to Kathleen Reardon, CEO of Hiscox Re & ILS.
Prior to joining Hiscox, Prabis served as head of ILS Strategies at SCOR Investment Partners where he oversaw the strategic direction of a well-diversified ILS business.
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Tokio Marine HCC International strengthens its Professional Risks team in London with the appointments of Matthew Clayton and Ross Thompson as senior underwriters and Jonathan Olle as senior media property and liability underwriter.
Clayton joins after a 16-year stint at Hiscox, where he held a range of senior underwriting roles in professional and specialty classes, most recently as head of Central Underwriting. He comes to Tokio Marine HCC International with a long track record of underwriting professional indemnity (including technology and media), directors & officers, liability, and property lines of business.
Thompson joins from the Kelliher Insurance Group where he was head of Professional Indemnity and brings 18 years’ industry experience across broking and underwriting with a particular specialism in construction risks.
Olle brings 20 years’ experience in media property & liability underwriting. In his previous role as account executive at James Hallam Insurance Brokers, he managed a broad range of media & entertainment clients. Prior to this time, Olle worked at Tysers and Towergate Coverex, underwriting specialist delegated media policies.
The three new members join the Professional Risks division of Tokio Marine HCC International, with a remit to deliver continued growth in the portfolio and develop the overall proposition.
Tony Browne, managing director – Professional Risks, said the appointments come at an exciting time for the team as it seeks to grow its presence within the UK broking market.
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