24 April 2013 Insurance

Hiscox strengthens London market business

Paul Lawrence has been appointed as chief underwriting officer of Hiscox London Market Insurance, a newly created division, and joint active underwriter of Syndicate 33 alongside Russell Merrett.

Merrett will continue leading the London Market Reinsurance business and Lawrence will join him on the Board of Hiscox Syndicates Limited.

Hiscox aims to have a new reinsurance structure in place in time for the January 2014 renewal season.

Working at Hiscox since 1992, most recently as head of property but also within the personal accident, contingency, fine art, classic cars, UK and European household teams, Lawrence will oversee the growth and development of the London Market insurance lines, which include property, casualty, marine & energy and aviation, space & specialty.

Sasa Brcerevic will also join the London Market Insurance team in June as chief operating officer. Brcerevic will move from his current role as head of field for Hiscox USA. He will be responsible for the non-underwriting functions of this business including claims, HR, operations and IT as well as insurance broker relations.

“The changes we are making within the London Market business are designed to help us develop greater client focus and respond with speed to market opportunities,” said Bronek Masojada, Hiscox chief executive. “Lawrence has shown great leadership and discipline while navigating our property division through tough trading conditions, skills that will help him take our London Market Insurance lines to the next level.

“Sasa Brcerevic is an excellent addition to our London Market team and brings with him great strategic thinking and detailed knowledge of the US insurance market.”

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