Hiscox has announced the promotion of Lara Frankovic as line underwriter for general liability.
Frankovic will lead a four-strong general liability underwriting team, focusing primarily on large US domiciled accounts. She reports to Matthew Webb, Hiscox London Market’s divisional director for casualty.
She joined the business in March 2019 as senior liability underwriter from GenRe where she had a 15-year career as a facultative reinsurance underwriter.
Webb said: “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 added: “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.”