Hiscox has appointed Adrees Tinkler to head a newly created Alternative Risk Transfer (ART) team within its London Market division, as the insurer looks to expand its offering of tailored (re)insurance solutions.

Tinkler joins from Allianz, where he served as Alternative Risk Transfer Senior Structured Underwriter, overseeing the company’s London wholesale structured (re)insurance business and managing one of the market’s largest structured US auto liability portfolios. He previously worked as an Actuarial Analyst at AIG.

Set to join Hiscox later this year, Tinkler will establish the ART team to grow a suite of products positioned between self-insurance and full risk transfer. These solutions, sometimes referred to as structured products, can include retention financing programs, retrospectively rated arrangements such as swing deals (where premiums are adjusted post-policy based on actual loss experience), and aggregate stop-loss cover. The approach offers clients multi-year pricing certainty and coverage designed to meet specific needs.

Based in London, Tinkler will report to Paul Lawrence, Chief Underwriting Officer for Hiscox London Market.

“Adding an Alternative Risk Transfer team to our portfolio responds to increasing client demand for innovative insurance solutions, and Adrees’s extensive underwriting experience supports our ambitions to become a leader in the alternative risk transfer space,” said Lawrence. “Following the recent addition of new offerings such as financial institutions, technology errors and omissions, and sexual molestation liability, our expansion into ART further demonstrates how we continue to broaden our appetite in response to our clients’ evolving risk landscape.”