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Hiscox appoints new Chief Operating Officer for UK and Ireland business

London, UK (24 November 2016): Specialist global insurer Hiscox has announced the promotion of Juan de Castro to Chief Operating Officer of Hiscox UK and Ireland.

Juan has worked at Hiscox since 2014 as Group Head of Strategy and Corporate Development. Prior to that, he spent four years working as a management consultant for McKinsey in their Silicon Valley office, and 10 years working in the high tech industry in Europe. He holds an MSc in Computer Engineering and an MBA from Stanford GSB.

Juan will be based in London with regular travel across the insurer’s regional offices, and report to Steve Langan, CEO of Hiscox Insurance Company.

Commenting on the appointment, Steve said: “Juan’s background in strategy and tech will add huge value to Hiscox UK and Ireland. We see exciting opportunities for profitable growth across our broker and direct channels and Juan will have a big part to play in both as we continue our focus on product innovation, building great teams and investing in our powerful brand.”

Juan added: “Our UK business is in the middle of the largest transformation Hiscox has ever done, as we focus on next-generation underwriting and evolving our digital capabilities with brokers and customers in mind. These changes will enable us to be even more customer obsessed, delivering the service we are known for at the same time as boosting operational efficiency. I’m delighted to join such a great team.”

Ends

For further information please contact:

Hiscox Ltd
Lucy Hensher                +44 (0) 20 7448 6619                Lucy.hensher@HISCOX.com  

Notes to editors

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 2015 helped generate gross premiums written of £1,944.2 million and a profit before tax of £216.1 million.

The Hiscox Group employs over 2,200 people in 13 countries, and has customers worldwide. Through the retail businesses in the UK, Europe and the US, 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.

Our values define our business, with a focus on people, quality, courage and excellence in execution. We pride ourselves on being true to our word and our award-winning claims service is testament to that. For more information, visit www.hiscoxgroup.com.