Newly created role will complement strong underwriting capability
London, UK (11 October 2017) – Specialist global insurer Hiscox (LSE:HSX) has announced the appointment of Kate Markham as CEO for its London Market business, subject to regulatory approval.
Kate has been at Hiscox for five years and most recently was Managing Director of its direct to consumer operations in the UK. During this time Kate has built UK Direct into a market leading operation with a strong brand and a culture of creating customers for life. In this role Kate led over 200 people across underwriting, sales, marketing, operations, and has driven growth of 30% over 5 years.
Prior to Hiscox, Kate was Head of International Enterprise at Vodafone, where she identified a significant new opportunity to serve multinational clients globally. She then built an effective operation to support the venture. Kate started her career at Anderson Consulting (now Accenture).
Bronek Masojada said: “At Hiscox and Vodafone Kate has proven her ability to build profitable businesses in highly competitive markets. She will be a modernising force for our operations and culture, and relentless in making the most of the changing market and the opportunity it presents. The London Market will benefit from these skills now more than ever.”
The CEO of Hiscox London Market is a new position working closely with Paul Lawrence, who remains CUO of Hiscox London Market and Joint Active Underwriter for Syndicate 33. Kate and Paul will be on the Hiscox Ltd executive committee.
For further information please contact:
|Lucy Hensher||+44 (0)20 7448 6619||[email protected]|
|Kylie O’Connor||+44 (0)20 7448 6656||
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.
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