Hiscox announces group CFO Aki Hussain as next group CEO

– BERMUDA, Hamilton –  Hiscox Ltd. (LON: HSX), the specialist global insurer, today announced the appointment of current Group CFO Aki Hussain as Group CEO from January 2022, succeeding Bronek Masojada who has informed the Board of his intention to retire at the end of the year.

“We are delighted that Aki will be our new CEO and the Board were unanimous in endorsing this appointment. Aki’s ambition, drive and knowledge of the Hiscox Group, combined with his many years’ experience delivering for a variety of financial services organisations, makes him well placed to capture the many opportunities ahead.” said Board Chairman, Robert Childs.

He added: “I would like to thank Bronek for his outstanding contribution to the Hiscox Group. His energy and passion to move the business forward has resulted in three decades of strong growth and transformed Hiscox into a leading diversified specialist insurer with a great future ahead of it.”

Bronek Masojada, the current Group CEO, commented: “It has been an incredible privilege to lead Hiscox and be part of its journey over the last 28 years. The business is on a very strong footing with market conditions the best we have experienced for many years and the time is right to hand over to new leadership. I have worked closely with Aki for the last five years, and his impressive banking, telecoms and media experience make him a great choice to lead the business.”

About Aki Hussain

Aki joined Hiscox in 2016 as group CFO. He was appointed to the Hiscox Board in 2016 and is also Chair of Hiscox Re & ILS. He is responsible for ensuring the Group’s ongoing capital strength, overseeing the Group’s investment portfolio of $7.63 billion and leading a team of 250 finance experts across multiple geographies. Recently, Aki successfully delivered a complex, multi-year finance transformation program to overhaul outdated legacy systems and vastly improve financial insight and reporting across the Group.

Aki has over 15 years of financial services experience gained across insurance, accounting, and banking. Before joining Hiscox, he was CFO of Prudential plc. UK & Europe. He has also held a number of other senior roles in the financial services, media and telecoms sectors, serving as Finance Director for the Consumer Bank division at Lloyds Banking Group, and Finance Director for the Consumer division of NTL (now Virgin Media).

Aki Hussain, Hiscox Group CFO, commented: “I am honored to be taking over the leadership of this dynamic company. I am excited about the long-term potential of our business, we have exceptional talent, a market-leading position, and a strong balance sheet.

Aki is also a Chartered Accountant, having trained with KPMG. Aki has a BA degree in Accounting and Finance from the University of Leeds, an ACA from the Institute of Chartered Accountants in England and Wales and is a Fellow of the ICAEW. In addition, he serves as an Independent Non-Executive Director and Audit Committee Chair at Visa Europe Limited.

About the Hiscox Group

Hiscox is a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange. 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.

The Hiscox Group employs over 3,000 people in 14 countries, and has customers worldwide. Through the retail businesses in the UK, Europe, Asia and the USA, we offer a range of specialist insurance for professionals and business customers as well as homeowners. Internationally traded, bigger ticket business and reinsurance is underwritten through Hiscox London Market and Hiscox Re & ILS.

Our values define our business, with a focus on people, courage, ownership and integrity. We pride ourselves on being true to our word and our award-winning claims service is testament to that.

For more information: https://www.hiscoxgroup.com/

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