Hiscox hires AXIS exec as energy underwriter

Lloyd’s underwriter Hiscox has added Lorraine Mackey to its London Market energy team as an energy underwriter.

Mackey’s appointment completes the team led by Charles Rawlins, energy line underwriter.

Previously at AXIS Capital as an underwriter, Mackey has six years’ underwriting experience across various product lines including offshore, onshore and renewable energy, marine, property, aviation and terrorism, with the last three years focused on offshore energy.

Simon Williams, head of marine and energy, said: “I am pleased that Lorraine has joined us to complete our energy team. Led by Charles Rawlins, who has previously grown Hiscox’s hugely successful terrorism account, we have the underwriting and claims expertise in place to further cement our position as a leading energy market; delivering a high quality service for the benefit of both our clients and brokers.”

Rawlins added: “While energy is a tough class of business to underwrite in the current global commodity slump, we are committed to supporting our long-term energy clients through these more challenging times.

“That said, where there is challenge there is also opportunity, and we are seeing potential not only in terms of geography – with the re-entry of Iran onto the global stage being a particularly exciting development – but also across growing lines of energy business such as renewables.”