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He will be responsible for leading the company’s operations across the UK and Europe

The transaction involves a diversified portfolio of US commercial liability and workers’ compensation business

Amendment follows the completed acquisition of the company by funds managed by Onex Partners

Stock will be available for $88 per share

The division includes reinsurance businesses in London and Bermuda and insurance-linked securities activity written through Hiscox ILS

The transaction covers a diversified portfolio of business from international and North America markets

Company appoints Ben Smith as underwriting officer and Colin McQueen as independent non-executive director

Industry veteran formerly held leadership roles at Axis Capital

The organisation said the revision reflects its balance sheet strength, strong operating performance and risk management expertise

He assumes the position in addition to his role as head of Global Facultative and Distribution for Everest Reinsurance