4 December 2015 Insurance

Hiscox launches product recall team

Specialist insurer Hiscox has launched a new product recall team within its London Market business with four hires from Catlin.

David Burke will lead the team which will initially focus on offering automotive component recall and food and drink product recall cover.

Burke has almost 30 years of experience in the insurance industry, focused on writing niche specialty lines. He has previously worked for Sedgwick, ACE and Marsh.

He is joined by product recall underwriters Ian Bailey, Andrew Kyle and John Naughton.

David Slevin, divisional head of specialty within Hiscox London Market, said: “Establishing a product recall offering within Hiscox London Market is an exciting step for us.

“Product recall is a huge area and the team will focus on a range of recall risks across industries including food and drink, automotive, restaurants, pharmaceutical and consumer durables. It’s great to have David, Ian, Andrew and John on board; their expertise in this area will really differentiate us.”

Burke added: “This is a great suite of products. Clients will benefit from a market leading capacity of $50 million, a 24/7 response consultancy service and the reassurance that comes with having a product that provides real balance sheet protection as well as brand reputation cover, should the worst happen.”

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