Hiscox creates new alternative risk transfer team
Hiscox has appointed Adrees Tinkler to lead a new Alternative Risk Transfer team within its London Market business.
Adrees joins from Allianz, where he was Alternative Risk Transfer Senior Structured Underwriter with strategic oversight of their London wholesale structured (re)insurance business, and was responsible for managing one of the market’s largest structured US auto liability portfolios. Prior to this, Adrees spent two years at AIG as an Actuarial Analyst.
Adrees will join Hiscox later in the year to establish the Alternative Risk Transfer team and support the expansion of a broad suite of (re)insurance products that sit between self-insurance and full risk transfer. Sometimes referred to as structured solutions, the products can include retention financing programs, retrospectively rated solutions such as swing deals (where premium adjustments are made post policy period and based on actual loss experience), and aggregate stop losses. Alternative Risk Transfer provides clients with multi-year pricing certainty and access to specialized cover that is more closely tailored to their individual needs.
Based in London, Adrees will report to Hiscox London Market’s Chief Underwriting Officer, Paul Lawrence.
“Adding an Alternative Risk Transfer team to our portfolio responds to increasing client demand for innovative insurance solutions, and Adrees’s extensive underwriting experience supports our ambitions to become a leader in the alternative risk transfer space. Following the recent addition of new offerings such as financial institutions, technology errors and omissions, and sexual molestation liability, Hiscox London Market’s expansion into alternative risk transfer is a further demonstration of how we continue to broaden our appetite in response to our clients’ evolving risk landscape – Paul Lawrence.
