International specialist insurer Hiscox Ltd. has appointed Kathleen Reardon CEO of Hiscox Re & ILS, subject to regulatory approval. Ms. Reardon, who will be based in Bermuda, will succeed Mike Krefta, who announced in August that he will be stepping down in early 2021.
The Tennessee Department of Commerce and Insurance (TDCI) has promoted veteran captive regulator Jonathan Habart to Captive Insurance Section assistant director. Mr. Habart, who has been with the TDCI since 2016, most recently was a TDCI captive insurance specialist.
Katherine Keefe has joined Marsh as US cyber incident management leader. Ms. Keefe will be based in Philadelphia and report to Tom Reagan, Marsh's US Cyber Practice leader. Ms. Keefe joins Marsh from Beazley, where she served as head of breach response services for the past 8 years.
Marsh set up 76 new captives in the first 6 months of 2020, and its captive insurance leader said she expected more to come in the next 18 months. The number of new formations was more than a 200 percent increase compared to the same period in 2019.
The Vermont Agency of Commerce and Community Development has named Brittany Nevins captive insurance economic development director. Ms. Nevins replaces Ian Davis, who left the position earlier this year to take a private sector position in the captive insurance industry.