Lloyd's underwriter Hiscox said it has named Ed Donnelly, 45, president of Hiscox USA as part of a move to expand its presence and distribution efforts in the United States market.
The company said Mr. Donnelly, who has been a senior vice president with Professional Indemnity Agency, will report to Director of Underwriting Robert Childs and be based in Armonk, N.Y.
Hiscox said the opening of a U.S. office headed by Mr. Donnelly is scheduled for early 2006. The company said he also will be in charge of launching and rolling out Hiscox's specialist products for businesses outside the Fortune 1000 that are placed through U.S.-based local and regional brokers.
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