Specialist re/insurer Hiscox has promoted Craig Martindale to the role of Group Chief Actuary, subject to the relevant regulatory consents.
Martindale has worked at Hiscox since 2009, holding a number of senior roles across the business during his almost 15 years with the firm.
Since 2015, he has served as Group Head of Capital Management, building out the function and making significant steps to optimise capital deployment. In 2019, Martindale also took on the role of Interim Chief Investment Officer for a period.
In his new role, Martindale will continue to be based in London and will lead a team of 50, with responsibility for bringing together the Capital Management and Actuarial Reserving teams.
He will report to Group Chief Financial Officer, Paul Cooper, who commented: “During his career at Hiscox, Craig has built a wealth of knowledge across the business, working closely with claims and underwriting to drive valuable insight. We will greatly benefit from Craig’s vast expertise in his new role, as we continue to focus on making the most of the opportunities in front of us and realising our ambitions.”
“I’m excited to take on this new challenge at what is an exciting time for the Group, as we face attractive market conditions with real capital and reserving strength,” added Martindale.