Hiscox appoints capital management head

Insurer Hiscox has appointed Craig Martindale to the newly created role of group head of capital management.

Reporting to chief financial officer, Stuart Bridges, Martindale will be responsible for bringing together the capital models used across the business to provide one clear, consistent and accurate view of its capital management.

Martindale is a qualified actuary and has worked at Hiscox since 2009, occupying a number of roles. Initially as part of the group capital modelling team, he spearheaded the development of a capital model to calculate regulatory capital under Solvency II.

More recently he has worked as part of the insurer’s underwriting risk and reinsurance team, where he played an important role in its underwriting and reinsurance purchase decisions.

Prior to Hiscox, he spent four years at Deloitte in their general insurance actuarial consulting team and four years at Hewitt Associates as an institutional investment consultant.

Bridges said: “An increased focus on effective capital management made the creation of this role a natural next-step for our business. Craig has a deep understanding of Hiscox and extensive knowledge of our capital management processes, both of which are crucial in this new role.”