11th May 2005 09:00
Hiscox PLC11 May 2005 HISCOX PLC ANNOUNCEMENT Appointment Hiscox plc, the leading specialist insurer announced today the appointment ofMarc van der Veer as Managing Director for the group's retail operations inEurope. Marc will be based in Paris and will report to Chief Executive, Bronek Masojada,in his capacity as acting Managing Director of Hiscox UK and Europe. TheEuropean country heads in Germany, France and Benelux will report directly toMarc. Bronek Masojada said:"This appointment reflects our commitment to developing a substantial,profitable business in Europe, building on the footholds we have alreadycreated." Marc (39 years) joins from XL where he was responsible for D&O underwritingfor Continental Europe. Marc has been at XL for 4 years and prior to that heworked at Chubb and Executive Risk. He was responsible for establishing Executive Risk in continental Europe and building its D&O business base before it was taken over by Chubb. - ends - For further information: Hiscox plcBronek Masojada Chief Executive 020 7448 6012Stuart Bridges Finance Director 020 7448 6013Fiona Fong Director of Communications 020 7448 6447 The Maitland Consultancy Philip Gawith 020 7379 5151Suzanne Bartch 020 7399 5151 Notes to editors Hiscox plc is a specialist insurance group listed on the London Stock Exchangewhere it has a market capitalization of circa £500 million. There are three mainunderwriting parts of the Group - Syndicate 33 at Lloyd's, UK Retail andInternational Retail. Syndicate 33 underwrites mainly internationally tradedbusiness in the London Market - generally large or complex business which needsto be shared with other insurers or needs the international licenses of Lloyd's.The UK Retail business offers a wide range of specialist insurance forprofessionals and business customers, as well as high net worth individuals. Ithas regional offices in Birmingham, Glasgow, Leeds, Maidenhead and Colchester.The International Retail business has offices in Paris, Amsterdam, Munich,Brussels and Guernsey. The European offices write mainly high value householdbusiness and some specialist professional indemnity business. The Guernseyoffice underwrites kidnap and ransom business and fine art. For furtherinformation, go to www.hiscox.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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