Reporting to Hiscox London Market's Divisional Director Casualty – Matthew Webb, Frankovic will lead a four-strong general liability underwriting team, focusing primarily on large US domiciled accounts. Frankovic joined Hiscox in March 2019 as Senior General Liability Underwriter from GenRe where she had a 15-year career as a facultative reinsurance underwriter.
Commenting on the appointment, Webb says: "Given the long tail and complex nature of the general liability risks we underwrite, and the market challenges in areas like social inflation, we recognise the importance of delivering the long-term stability and sustainability our clients and brokers need and expect from us.
"Lara has excelled since joining us and this promotion is richly deserved recognition of her underwriting nous and expertise, underscoring our confidence in her ability to further build on our reputation as a major lead market in this class."
Frankovic adds: "While market conditions have been challenging for some time, Hiscox has maintained a consistent underwriting approach for general liability risks. And we will continue to offer a broad appetite, backed up by skilled underwriting to meet the needs of our clients and brokers. Our philosophy is to find a way to say 'yes' to the difficult, complex risks that other markets might decline, while leading the way in new product innovation."
The news is the latest in a series of significant recent announcements for Hiscox London Market following the February appointments of Emily Taylor as Line Underwriter – Marine and Energy Liability, and Aimee Nolan as Line Underwriter - Cargo.
For further information please contact:
Carmel McCarthy 07769 280903
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