Swiss Re Insurance-Linked Fund Management

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Hiscox Re’s ILS unit Kiskadee makes appointments


Kiskadee Investment Managers, the insurance-linked securities (ILS) and reinsurance linked investment strategies unit of Hiscox Re, has made a number of appointments as it builds out its team for the next phase of growth.

Michael Jedraszak, who has served as the Director of ILS at Hiscox since the formation of Kiskadee and been responsible for the unit during a period of rapid growth, has been named Chief Investment Officer of Hiscox Re Insurance Linked Strategies.

In addition, Andrew Hughes has been appointed to the role of ILS Chief Compliance Officer and General Counsel, while Dr Matthew Swann has been appointed to the position of Portfolio Manager.

Hughes joins Kiskadee from Australia based state-owned investment manager QIC Limited, which has over AUD 70 billion in assets, where he held the role of Senior Legal Counsel and advised on a broad range of funds and investments (both buy-side and sell-side) across multiple alternative asset classes.

A lawyer with ten years’ post qualification experience, Hughes has also worked as a Senior Associate within the structured finance and securitisation team at King & Wood Mallesons. Hughes will report to Richard Lowther, Chief Operating Officer – ILS, and will be based in Bermuda. He will advise on legal and product structuring areas as well as assuming full responsibility for compliance within the ILS unit.

Swann is transferring from Hiscox Re’s London office, where he worked as a Senior Non-Marine Treaty Underwriter. Swann has been with Hiscox since 2007, joining as a Catastrophe Modelling Analyst after completing a PhD in climate prediction. Swann will also report to Lowther and will relocate to Hiscox Re’s ILS office in Bermuda.

Commenting on the announcement, Jeremy Pinchin, CEO Hiscox Re, said; “These new appointments represent our continued commitment to invest in the development of Kiskadee. With assets already exceeding US$600million, Andrew Hughes and Matthew Swann are very welcome additions to the team, alongside Richard Lowther COO and Michael Jedraszak CIO, as we continue to develop the depth and breadth of Kiskadee products for the benefit of investors and our clients.”

Also read:

Kiskadee launches Cardinal Re SPI platform, assets pass $600m.

Kiskadee passes $540m, as ILS helps Hiscox grow reinsurance.

Kiskadee ILS funds grow to 300+ positions, add 70 at April renewal.

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