‘Real capital’ and attractive market potential excite new Hiscox chief actuary

London-listed, Bermuda-based global specialist insurer  Hiscox has appointed a new chief actuary as it looks to capitalise on the opportunities in an attractive market with “real capital and reserving strength”.

Craig Martindale (pictured) has been named as the group’s new Chief Actuary, subject to the relevant regulatory consents.

Martindale joined Hiscox in July 2009, and has held a number of senior roles across the business during his almost 15 years with the group. He has been group head of capital management since 2015, building out the function and making significant steps to optimise capital deployment. In 2019, Martindale also stepped in to lead the investment team as interim chief investment officer for a period.

Reporting to group chief financial officer, Paul Cooper, Martindale will continue to be based in London and lead a team of 50, with responsibility for bringing together the capital management and actuarial reserving teams.

Cooper said: “During his career at Hiscox, Craig has built a wealth of knowledge across the business, working closely with claims and underwriting to drive valuable insight. We will greatly benefit from Craig’s vast expertise in his new role, as we continue to focus on making the most of the opportunities in front of us and realising our ambitions.”

Martindale added: “I’m excited to take on this new challenge at what is an exciting time for the Group, as we face attractive market conditions with real capital and reserving strength.”

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