Specialist global insurer Hiscox has announced that Mike Krefta, chief executive officer of Hiscox Re & ILS will be leaving the company in early 2021 to return to the UK.
Krefta is said to be returning and will be pursuing interests outside of the insurance sector.
He has been with Hiscox for almost 17 years, in London and four of those years in Bermuda and has been CEO of Hiscox Re ILS since December 2016.
Krefta has held a number of increasingly senior positions in accounting, underwriting and catastrophe modelling roles.
Throughout his tenure, he has worked as Hiscox Re chief underwriting officer, joint active underwriter of Syndicate 33 and active underwriter for Syndicate 6104, before becoming CEO of Hiscox Re & ILS and a member of the Executive Committee in 2017.
A search for his successor has already commenced, with an appointment expected to be announced in due course.
Commenting on the announcement, Krefta said: “This has been a difficult decision to make as Hiscox is a growing company with a bright future. It has been a great place to build a career, and I look forward to seeing the business prosper – both as a passionate supporter, and as a shareholder.”
Bronek Masojada, Hiscox Group CEO, added: “Mike has made an impressive contribution to the Hiscox Group during his tenure, and we have benefitted from his underwriting expertise, energy and commitment to the Group.
“I would like to thank Mike for all he has done for Hiscox and he leaves with our very best wishes for the next chapter.”