Hiscox has appointed Megan McConnell as 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.
In her new role, which will see her relocate from Colorado to London, McConnell will oversee the Hiscox reinsurance underwriting team in London and play a leadership role in the team’s ambitions to innovatively match reinsurance risk with capital.
Strengthening an already strong team, she will help the business to drive the deregulating US flood market with its new product, FloodXtra, and drive further growth in specialty lines such as cyber and terrorism.
McConnell joins the company 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 she has also worked on strategic business planning for the Lloyd’s Syndicate including their reinsurance purchasing strategy.
Hiscox Re and ILS CEO, Mike Krefta 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.”