Hiscox appoints Alex Veys as Chief Investment Officer

25th October 2017

Hamilton, Bermuda (25 October 2017) – Specialist global insurer Hiscox (LSE:HSX) announces the appointment of Alex Veys as Chief Investment Officer. Alex will take over the position from David Astor, who is retiring in 2018 after 15 years at Hiscox.

Alex has more than 30 years’ experience in financial services and investment management, most recently at LV=, where he was a Senior Investment Advisor who led the development of the organisation’s Responsible or Ethical Investment policy, as well as advising on risk management and capital.

From 2010-2016, Alex was the Chief Investment Officer of Partnership Assurance, where he oversaw a period of significant asset growth from £1 billion to £6 billion and was part of the senior management team that prepared the business for its flotation on the London Stock Exchange in 2013. Previously, he was a Senior Portfolio Manager at Fidelity Investments.

Hiscox Group Chief Financial Officer Aki Hussain said: “Alex brings a wealth of experience in managing large and complex asset portfolios drawn from over 30 years in investment management. He has a history of delivering strong and efficient performance in his funds and will be an able custodian of the Group’s assets.”

On David Astor’s retirement, Hiscox Group Chief Executive Officer Bronek Masojada said, “I would like to thank David Astor for his contribution to Hiscox over the last 15 years, during which he has overseen asset growth from £0.6 billion to £4.4 billion and delivered consistently strong investment returns. David has been a safe pair of hands during periods of economic uncertainty and a valued member of our senior management team.”

Alex will join Hiscox in December and will work alongside David until his retirement in July 2018.

Ends

For further information please contact:

Hiscox Ltd  
Lucy Hensher +44 (0)20 7448 6619 [email protected]
Kylie O’Connor +44 (0)20 7448 6656 Kylie.O’[email protected]
Marc Wetherhill (Bermuda) +1 (441) 278 8321 [email protected]

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, Asia, 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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