Hamilton, Bermuda (19 April 2017) – Specialist global insurer Hiscox (LSE: HSX) is pleased to announce the appointment of Ian Penny as Chief Information Officer (CIO) for the Hiscox Group.
Ian is a seasoned IT professional with a wealth of global, blue-chip experience, and an eminent industry leader. Ian brings expertise in leading all aspects of IT including strategy, development, engineering, operations and programme execution. At Hiscox, he will be responsible for the Group’s IT, leading a team of 300 and reporting to the CEO Bronek Masojada.
Ian is currently Chief Technology Officer at Barclays, where he is responsible for the group’s IT infrastructure development and has led the bank’s cloud computing initiatives for three years. Prior to this, Ian was Global Head of Distributed Engineering and Architecture at JPMorgan and was based in the US for seven years, designing platforms for risk analytics, cloud development, and high-volume customer channels. He has previously worked at Pfizer and Goldman Sachs.
Commenting on the appointment, Bronek Masojada, Hiscox Group CEO, said: “Ian’s appointment is an important step in our evolution. We continue to invest heavily in our rapidly-growing retail businesses, and Ian will be critical to a number of significant multi-year business and IT transformation projects which will power our future growth. I have no doubt that his diverse experience, including with Chase.com, a high-traffic banking website, at Bear Sterns supporting their dealing rooms and with Barclays in cloud computing, will prove invaluable.”
Ian Penny commented: “I am pleased to be joining Hiscox at a time when there is significant investment to support the business evolution. Technology will be a core partner in the execution of the strategy, whether that be digital customer journeys or data analytics, and I look forward to getting started.”
Ian is a Fellow of the British Computer Society, and has worked extensively with the Venture Capital and start-up community to build applied technology solutions. Ian is taking over from Interim CIO Gareth Wharton who is joining a new Hiscox cyber initiative.
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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 2016 helped generate gross premiums written of £2,402.6 million and a record profit before tax of £354.5 million.
The Hiscox Group employs over 2,300 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 and ILS.
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.