Hiscox Appoints David Bailey Head of Pricing and Reinsurance in the US
New York, NY – March 29, 2019 – Hiscox, the international specialist insurer, today announced the appointment of David Bailey as Head of Pricing and Reinsurance in the US. In this role, Bailey will join the Underwriting Leadership Team and lead pricing, actuarial and modeling functions, and oversee the reinsurance needs in the US. Bailey, who has nearly 20 years of experience across the insurance industry, joined Hiscox in 2007. He will be based in Los Angeles, California, and report to Eric Micheals, Hiscox USA’s Chief Underwriting Officer.
“David has proven himself as a key senior leader at Hiscox, and his extensive knowledge and experience across the insurance industry will be integral to the Underwriting Leadership Team as it creates more competitive offerings that align with our clients’ evolving risks,” said Micheals.
Bailey, who has been a Partner with Hiscox since 2011, most recently served as Hiscox’s Southwest Regional Executive within the Field Leadership Team, and held prior roles as Head of Central Analysis and Finance Director for Hiscox Europe & UK. Bailey earned a Bachelor of Science degree in business administration from University of California at Berkeley’s Haas School of Business and an MBA from INSEAD.
Hiscox USA provides a variety of specialty risk solutions, including a broad spectrum of E&O, GL, cyber and data security, media liability, management liability, crime, kidnap & ransom, terrorism and commercial property insurance products.
In the US, Hiscox is headquartered in New York, NY, with offices in Atlanta, GA; Chicago, IL; Chesapeake, VA; Dallas, TX; Las Vegas, NV; Los Angeles, CA; Phoenix, AZ; San Francisco, CA and White Plains, NY.
About The Hiscox Group
Hiscox is a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). Our ambition is to be a respected specialist insurer with a diverse portfolio by product and geography. We believe that building balance between catastrophe-exposed business and less volatile local specialty business gives us opportunities for profitable growth throughout the insurance cycle. It’s a long-standing strategy which in 2018 saw the business deliver a profit before tax of $137.4 million in a challenging year for insurers.
The Hiscox Group employs over 3,300 people in 14 countries, and has customers worldwide. Through the retail businesses in the UK, Europe, Asia and the US, we offer a range of specialist insurance for professionals and business customers as well as homeowners. Internationally traded, bigger ticket business and reinsurance is underwritten through Hiscox London Market and Hiscox Re & ILS. In the US, Hiscox underwrites admitted insurance products through Hiscox Insurance Company Inc., a Chicago-based insurer.
Our values define our business, with a focus on people, quality, courage and excellence in execution. We pride ourselves on being true to our word and our award-winning claims service is testament to that. For more information, visit www.hiscoxgroup.com.
Follow Hiscox USA on Twitter @Hiscox_USA and @HiscoxSmallbiz.
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