What's Happening?
Hiscox has appointed Adrees Tinkler, a former Allianz leader, to head its new alternative risk transfer (ART) team within its London market business. Tinkler will lead the establishment of the ART team and support the expansion of innovative (re)insurance products. His appointment comes in response to increased client demand for tailored insurance solutions that offer multiyear pricing certainty. Tinkler brings extensive underwriting experience from his previous roles at Allianz and AIG, which will aid Hiscox in becoming a leader in the ART space.
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Why It's Important?
The creation of the ART team at Hiscox signifies the company's strategic move to address evolving client needs for innovative insurance solutions. By expanding its offerings, Hiscox aims to enhance its competitive edge in the insurance market, providing clients with more specialized and flexible coverage options. Tinkler's leadership and experience are expected to drive the success of the ART team, positioning Hiscox as a key player in the alternative risk transfer sector.
What's Next?
As Tinkler joins Hiscox, the focus will be on establishing the ART team and developing new insurance products that meet client demands. Hiscox will likely continue to expand its portfolio, exploring further opportunities in the ART space. The company's ability to adapt to market changes and client needs will be crucial in maintaining its growth and leadership in the insurance industry.
