Munich Re's Torsten Jeworrek says the new venture will open up new markets.
The executive will identify growth initiatives and advise the company’s leadership.
The newly created role aims to build on Global Risk Partners' data strategy.
The re/insurer's CEO is 'pleased' with the strong set of results despite the challenges posed by COVID-19.
The executive will join the international reinsurance team of Hiscox Re & ILS.
The hire will oversee Artex's captive management offices across the US, Bermuda and the Cayman Islands.
The $218.5m subordinated bond has been placed via its subsidiary Helvetia Swiss Insurance Company.
The decrease reflects investment impairments, pandemic emergency fund and liability management expenses.
The specialist insurer, which launched in 2017, is targeted toward the high net-worth market.
The council has also accepted the resignation of outgoing IAG CEO Australia.