Carnegie joins Hiscox to head up commercial property team
Paul Carnegie has joined Hiscox London Market as Line Underwriter for Commercial Property, with a focus on US business. Formerly at Ed Broking where he ran its North American MGA – Globe Underwriting – as well as being the COO of Globe UK, Carnegie began his insurance career at Kiln (now Tokio Marine Kiln) before moving into a variety of roles including at a wholesale MGA in New York.
Commenting on his new position, Carnegie says: “I saw that Hiscox, with its innovative products like FloodPlus and BindPlus, is one of the few companies putting significant money and effort into how it transacts business and is constantly looking to improve its distribution.
“Hiscox has a young team of people who want to push our industry forward, while we also have a readymade platform to change the way that the market in London operates and that’s very exciting to me.”
Heading up a team of five in London, Carnegie reports to Simon Morgan – Head of Property at Hiscox London Market, who comments: “Paul has worked at almost every stage along the insurance chain from his stints at a US MGA, wholesale broker, London broker, a London MGA and a Lloyd’s syndicate, which makes him superbly qualified to lead our Commercial Property team. He understands the pain points for our customers and will be a real asset to us as we continue to evolve our products and the way we service our clients.”
“It’s a rapidly changing marketplace and risk transfer is now very different,” adds Carnegie. “We have to make sure we constantly reassess our value proposition in commercial property, what we bring to the market and how we can better support our MGA partners and get our products to clients more efficiently.”