Specialist insurance group Hiscox has opened new offices in Sweden and Portugal in a bid to develop its European business.
The new offices, based in Stockholm and Lisbon, will target high net worth consumers in the art and private client market. Hiscox Portugal will be led by Goncalo Baptista, while Hiscox Sweden will be headed by Mats Heggestad.
Bronek Masojada, CEO of Hiscox, said: We are delighted to be expanding our offering into these two markets. We believe that they have excellent potential for our successful art and private client products. Both Goncalo Baptista and Mats Heggestad have the experience and knowledge to provide great service to our potential new customers.
The insurance firm has already established offices across Europe, the Caribbean and the US. These include locations in Amsterdam, Madrid, New York and Bermuda.