“On reflection, I cannot see an alternative profession that I would have found more challenging and rewarding than the one I am in.”
Name: Reeva Bakhshi Company: Hiscox Re Job:
Chief financial officer
Timeline: 2014—Chief financial officer, Hiscox Re Bermuda 2011—Finance director and head of claims, Hiscox Europe 2009—Partner, Hiscox 2008—Managing director, Hiscox ASM 2008—Finance director, Hiscox Guernsey and Global Kidnap and Ransom 2006—Joined Hiscox
Reeva Bakhshi is the chief financial officer for Hiscox Re, the combined reinsurance business across the Hiscox Group, with business underwritten out of London, Bermuda and Paris and encompassing the Kiskadee ILS platform. Bakhshi joined Hiscox in 2006 and has held various roles across
the Hiscox Group. In 2008 she was appointed finance director of Hiscox Guernsey and Global Kidnap and Ransom, serving as managing director of Hiscox ASM responsible for introducing Latin American private client kidnap and ransom business to the group.
Bakhshi became a Hiscox Partner in 2009 and in 2011 took
on the role of finance director and head of claims for Hiscox Europe, where she ran the finance and claims teams in the Hiscox Europe organisation across six countries. In 2014 she relocated from London to Bermuda and assumed the role of CFO of Hiscox Re. Prior to Hiscox, she ran the financial and regulatory reporting for ACE European group in London. She is a qualified chartered accountant.
Why did you choose to work in this industry initially? I actually fell into this industry on leaving public practice. What I saw was an area of the financial services world anchored in providing a tangible service to businesses and consumers at a point that they needed security and support; the ability to play
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a part in providing that was the key draw for me and being able to work alongside likeminded individuals sharing those values in this industry has kept me here. The critical societal role our industry plays is something I was drawn to from the outset and I feel privileged to be a part of what we do.
What has been the highlight of your career so far? I have been fortunate to have experienced many highlights and it is hard to pinpoint just one. The most recent has been the experience of navigating the rapidly evolving reinsurance market and working to build a third party capital platform positioned alongside our longstanding traditional reinsurance business. The current change in environment provides an opportunity to examine how our industry operates and challenge how we can respond to those changes. It’s an exciting time to be in reinsurance.
What has been the biggest challenge you have encountered? All of my career highlights have been rooted in big challenges. I have been at Hiscox for almost nine years and in that time I have operated across the spectrum of our business; moving across disciplines and geographies, each bringing the challenges of learning new products, distribution channels and forming strong relationships with teams to deliver results.
If you had chosen a different profession/career path, what would it have been? On reflection, I cannot see an alternative profession that I would have found more challenging and rewarding than the one I am in. I am however a closet scientist, so in a parallel universe I envision myself in a lab coat staring down a microscope and driving research into curing the most challenging afflictions. However, I will leave saving the world to those with brains the size of planets and work on making progressive improvements in my own sphere of influence here in reinsurance.
2015 | INTELLIGENT INSURER | 13
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