Hiscox Ltd Appointment of Group Chief Underwriting Officer (2620L)
September 05 2019 - 1:00AM
UK Regulatory
TIDMHSX
RNS Number : 2620L
Hiscox Ltd
05 September 2019
Appointment of Group Chief Underwriting Officer
Hamilton, Bermuda (5 September 2019) - Hiscox Ltd (LSE:HSX),
today announces the appointment of Joanne Musselle as its new Group
Chief Underwriting Officer, after concluding a thorough internal
and external search. Joanne is currently Chief Underwriting Officer
for Hiscox Retail, the Group's largest division. She will step into
the role at the end of the year following Richard Watson's
retirement which was announced in June, and join the Hiscox Ltd
Board as an Executive Director in February 2020, subject to
regulatory consent.
Joanne has been with Hiscox for 17 years, having joined the UK
business in 2002 as Technical Underwriting Manager for professions
and specialty commercial lines. Since then she has held a variety
of senior roles including Head of UK Claims and Chief Underwriting
Officer for Hiscox UK and Ireland before taking on the
newly-created position of Chief Underwriting Officer for Hiscox
Retail in 2018. Prior to Hiscox, Joanne spent almost 10 years
working in a variety of actuarial, pricing and reserving roles at
AXA and Aviva in both the UK and Asian markets.
In her current role, Joanne is responsible for all retail
underwriting across the Hiscox Group, including Hiscox UK, Hiscox
Europe, Hiscox USA, Hiscox Special Risks and Hiscox Asia. In the
last two years, she has overseen profitable growth in GWP of almost
25% across the retail portfolio and helped our retail businesses to
navigate increased volumes of regulatory change. She already sits
on a number of subsidiary boards in the Hiscox Group, as well as
being Active Underwriter for Syndicate 3624 and a Hiscox Partner.
In addition, Joanne is actively involved in industry initiatives,
having been an ABI industry forum member since 2013 and serving as
a workstream Chair of the Chartered Insurance Institute's Insuring
Women's Futures initiative since 2017.
Bronek Masojada, Hiscox Group CEO, said: "After a thorough
search where we considered a number of strong internal and external
candidates, I am pleased to appoint Joanne as our next Group Chief
Underwriting Officer. Joanne's deep understanding of our business
and experience of managing underwriting portfolios in our key
markets will be critical for our next stage of growth. She has
overseen strong, profitable growth in our retail casualty and
property portfolios and has confidently led the business through a
number of changes in course when market conditions have been tough.
Joanne's commerciality, long-term view and ability to challenge
will make her a valuable member of our Executive team."
Joanne added: "Profitable underwriting is the backbone of Hiscox
and I could not be more delighted to serve the Group in this
broader role. Being part of the evolution of Hiscox over the last
17 years has given me many experiences and opportunities across the
whole of our business and I am excited to be taking up this next
challenge."
There are no other details that are required to be disclosed in
respect of the appointment of Joanne Musselle under 9.6.13R of the
Listing Rules of the Financial Conduct Authority.
Ends
For further information please contact:
Hiscox Ltd
Marc Wetherhill, Group Company Secretary, Bermuda +1 441 278 8321
Ryan Thompson, Investor Relations Manager, London +44 (0)20 7448 6522
Brunswick
Tom Burns +44 (0)20 7404 5959
Simone Selzer +44 (0)20 7404 5959
About The Hiscox Group
Hiscox is a global specialist insurer, headquartered in Bermuda
and listed on the London Stock Exchange (LSE:HSX). Our ambition is
to be a respected specialist insurer with a diverse portfolio by
product and geography. We believe that building balance between
catastrophe-exposed business and less volatile local specialty
business gives us opportunities for profitable growth throughout
the insurance cycle. It's a long-standing strategy which in 2018
saw the business deliver a profit before tax of $137.4 million in a
challenging year for insurers.
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END
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