Hiscox Re appoints CFO and COO

Hiscox Re, the newly combined reinsurance operations of Hiscox, has appointed a chief financial officer and a chief operating officer.

Reeva Bakhshi, who becomes chief financial officer based in Bermuda, previously held a number of high profile roles within Hiscox, latterly as finance director for Hiscox Europe. Bakhshi joined Hiscox in 2006 from ACE.

Paresh Thakrar, who becomes, chief operating officer, joined Hiscox in 2013 as head of strategy and business analysis from McKinsey and Company. Thakrar will be based in Hiscox’s London office. As well as McKinsey, Thakrar has previously worked for the Foreign & Commonwealth Office and Ministry of Defence across a range of national defence issues.

Jeremy Pinchin, Hiscox Re’s CEO, said: “We formed Hiscox Re as a direct response to the fundamental changes which are challenging the traditional reinsurance model. Both Reeva and Paresh will bring a great deal of strategic know-how to our business as we continue to adapt to take advantage of the opportunities in this new market environment. They will be a great asset to our business and I look forward to working together as we take Hiscox Re to the next stage of our development.”