Hiscox appoints reinsurance underwriting director from Paraline

Specialist insurer Hiscox has appointed Megan McConnell to the role of director of underwriting for Hiscox Re in London.

McConnell will become joint active underwriter for syndicate 33 and active underwriter for syndicate 6104 and will join the Hiscox Syndicates Limited Board, subject to regulatory and immigration approval.

McConnell joins Hiscox from Paraline, where she was active underwriter of Paraline (formerly ICAT) syndicate 4242 and special purpose arrangement 6123. For the past 12 years she has built up a commercial and personal lines insurance business and managed portfolios from a pricing, underwriting, operations, marketing and distribution perspective. Since 2010 McConnell has also worked on strategic business planning for the Lloyd’s Syndicate including their reinsurance purchasing strategy.

In her new role Megan will oversee the Hiscox reinsurance underwriting team in London. She will help the business to penetrate the deregulating US flood market with its new product, FloodXtra, and drive further growth in specialty lines such as cyber and terrorism.

Mike Krefta, Hiscox Re and ILS CEO, commented: “Megan is an exciting addition to our reinsurance team. Her experience of running a Syndicate was desirable to us and we will benefit from the fresh thinking she will bring.”

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