Eric Micheals Named Chief Underwriting Officer for Hiscox in the US
New York, NY, Jan. 09, 2018 -- Hiscox, the international specialist insurer, announced today the appointment of Eric Micheals to Chief Underwriting Officer in the US. Micheals, a Hiscox Partner, is based in New York and will report to Ben Walter, Chief Executive Officer for Hiscox in the US. Micheals replaces Nicole Goodwin, who is retiring.
“During his tenure at Hiscox, Eric has demonstrated leadership, courage and a relentless focus on high-quality underwriting and excellence in execution,” said Walter. “Eric’s experience and commitment to driving innovation at Hiscox will be instrumental in expanding one of our fastest growing business units.”
Micheals will lead the underwriting strategy and execution across Hiscox’s portfolio of specialty risk solutions in the US, including a broad spectrum of professional errors & omissions, general liability, cyber and data security, media liability, management liability, crime, kidnap & ransom, terrorism and commercial property insurance products.
Micheals has been with Hiscox for eight years and was the lead underwriter in establishing Hiscox’s Direct and Partnerships division in the US. He later served as Senior Vice President for the Hiscox Underwriting Center (HUC), where he led a 30-person underwriting team while simultaneously handling the renewal business and managing a number of the firm’s small business accounts. Most recently, Micheals served as Senior Vice President, Head of Emerging Solutions, where he worked with Hiscox’s distribution heads to identify and capitalize on new distribution and insurance technology opportunities.
Prior to joining Hiscox, Micheals was a Vice President at American International Group (AIG). He graduated cum laude from the State University of New York at Binghamton with a Bachelor of Science degree in Economics and a Bachelor of Arts degree in Music.
In the US, Hiscox has offices in New York, NY; Atlanta, GA; Chicago, IL; Dallas, TX; Los Angeles, CA; San Francisco, CA and White Plains, NY.
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 2016 helped generate gross premiums written of £2,402.6 million and a record profit before tax of £354.5 million.
The Hiscox Group employs over 2,300 people in 13 countries, and has customers worldwide. Through the retail businesses in the UK, Europe 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 and ILS.
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. This information is neither intended nor should be construed to be a solicitation for the purchase of insurance by any US person or entity. For further information visit www.hiscox.com.
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