Hiscox announces senior executive appointments

Firm names National Broker Relations Manager and Southwest Regional Executive

NEW YORK, Oct. 22, 2015 (GLOBE NEWSWIRE) -- Hiscox, the international specialist insurer, today announced the appointment of Rick Wong as National Broker Relations Manager and David Bailey as Southwest Regional Executive for Hiscox USA.

Wong previously served as Regional Manager for Hiscox USA. In his new role, Wong will be responsible for developing, managing and coordinating relationships with national brokers. He will play a key role in implementing national broker strategies, as well as working with the regional business leaders and underwriters to develop local and regional broker relationships and strategies. Wong will report into Hiscox USA's Head of Field, Brett Sadoff.

Wong has extensive experience working in the insurance industry and has worked at Hiscox for several years in various roles. In his most recent role as Regional Manager, Wong was responsible for managing a regional underwriting team in New York. Prior to that, he was Assistant Vice President for Hiscox USA and led two teams of underwriters across the Northwest and Southwest regions.

In his new position, Bailey will be a key player in expanding and growing the Southwest region and will lead a team of underwriters in the region. Bailey brings more than 15 years of industry experience and was most recently the Chief Financial Officer for Hiscox UK and Europe, where he was responsible for accounting, actuarial, mergers and acquisitions and analysis. Prior to that role, Bailey was Finance Director for Hiscox Europe, focusing on cost control, pricing, analysis and reinsurance buying, and managing the financial processes and robustness of six countries throughout continental Europe.

"Rick and David's collective breadth of experience will be crucial as we continue to grow and develop our broker relationships, strategies and underwriting capabilities," said Sadoff. "We know they will be instrumental to the continued success of Hiscox in the US and are thrilled to have them on board in their new roles."

Hiscox USA provides a variety of specialty risk solutions including a broad spectrum of professional E &O, GL, privacy/data breach, media liability, management liability, crime, kidnap & ransom, terrorism and commercial property products. Hiscox USA primarily specializes in the unique needs of small and middle market businesses. Hiscox USA works with small and medium-sized business throughout the US to support them and address their risk management needs.

Additional information can be found at www.hiscoxbroker.com

Follow Hiscox USA on Twitter @Hiscox_USA.

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For further information please contact:
Hunter Hoffmann
Kate Dillon
212-279-3115 x115

About Hiscox in the U.S.

Hiscox, the international specialist insurer, is headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). There are three main underwriting parts of the Group – Hiscox London Market, Hiscox UK and Europe and Hiscox International. Hiscox International includes operations in Bermuda, Guernsey and the USA. Hiscox Syndicates Ltd is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. The ability of syndicates at Lloyd's to do business in the USA and its territories is restricted as they are not US-based insurers. Hiscox Underwriting Limited and Hiscox ASM Limited are authorized and regulated by the Financial Conduct Authority.

Hiscox Inc., a Delaware corporation headquartered in New York, d/b/a Hiscox Insurance Agency in CA, is a licensed insurance intermediary for admitted and surplus lines business. Hiscox Inc. underwrites on behalf of, and places business with, Hiscox Insurance Company Inc., other domestic insurers, and syndicates at Lloyd's (www.lloyds.com). Hiscox Insurance Company Inc. is a Chicago, IL domiciled insurer which is admitted or licensed to do business in all 50 states and the District of Columbia.


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