Hiscox Appoints New Head of Analytics and Research

Michael Palmer will take on the role of head of analytics and research for Hiscox’s Bermuda operation, the company announced. Palmer will take responsibility for the analytics team in Bermuda. He will be tasked with developing the company’s understanding of all aspects of catastrophe risk.

“Bermuda is an exciting place to be when it comes to the science of catastrophe risk and I am looking forward to building on the work that has already taken place here to support the management of our reinsurance portfolio, as well as looking for new opportunities in the market,” Palmer said.

Palmer, who originally joined Hiscox’s London office in 2005 as Catastrophe Research Manager, will report to Damien Smith, Hiscox Bermuda’s Underwriting Director. “Keeping on top of the strengths and weaknesses of the catastrophe models the industry uses is a fundamental part of helping us to select the risks we take and ensuring we achieve the right premium rating,” Smith said. “Mike will be a great asset to us as we look to build a class-leading analytics team to support and drive the profitability of the company.”