Russell Fisher has re-emerged as vice president of political risk and credit at Ironshore following his departure from Hiscox earlier this year.

In his new role, Fisher will be responsible for writing European business but will be based in London. He will report to Don Asadorian, senior vice president of political risks and trade credit within Ironshore’s global political risk platform.

Fisher was previously a senior trade credit analyst at Hiscox for nearly five years but was one of a number of people to have been let go when the London-listed carrier placed its political risk business into run-off earlier this year due to challenging market conditions and a limited appetite to expand its small book in what it described as a “volatile class”.

Since then, two of Fisher’s former colleagues, Claire Simpson and Victoria Padfield, have joined Willis Towers within its London political risk and trade credit team, as part of a broader expansion of the firm’s financial solutions division.

Commenting on the appointment, Asadorian said: "Russell's credit risk knowledge and international banking relationships will further strengthen Ironshore's international capabilities for underwriting complex political risk and trade credit lines of business."