Hiscox Re ILS hires Ben Fox from Ontario Teachers’

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Hiscox Re Insurance Linked Strategies Ltd., the manager of third-party reinsurance capital funds at Hiscox, has hired Ben Fox from the Ontario Teachers’ Pension Plan (OTPP) as a portfolio manager within the Hiscox Re ILS investment team.

Fox had been with the Ontario Teachers’ Pension Plan since July 2014, working as a Principal and assistant portfolio manager, co-managing the insurance-linked securities (ILS) portfolio at the institutional investor and being responsible for risk analytics for portfolio construction and optimisation.

Prior to his time at the pension, Fox spent a year and a half with the World Bank as a financial specialist focused on disaster risk financing, before which he worked in catastrophe risk modelling for reinsurance broker Aon Benfield and also for RMS.

Mike Krefta, CEO of Hiscox Re & ILS, commented on the hire, “I’m thrilled that Ben is joining us. His experience with a sophisticated institutional ILS investor will complement the existing underwriting and analytical expertise of our Hiscox Re & ILS team.

“This appointment represents our continued commitment to the ILS asset class and we’re excited about its future.”

Fox will be Bermuda-based and the appointment is dependent on immigration approval.

Hiscox Re ILS recently grew its assets under management to a new high at $1.5 billion and revealed plans to expand its product range to bring third-party reinsurance capital to risks of a more primary nature.

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