Hamilton, Bermuda, 6th January 2020 - Specialist global insurer Hiscox today announces the appointment of James Millard as its new Chief Investment Officer for the Group. James will be responsible for overseeing the management of its $6.4 billion of assets, implementing overall investment policy and directing all portfolio management, research, trading and strategy. He will be based in London and report to Aki Hussain, Group Chief Financial Officer.
James has a wealth of experience across investment management, most recently at Aberdeen Standard Investments (ASI) where he held the post of Co-Head of Multi-Manager Strategies, overseeing the management of £27 billion of assets. Previously, he was Chief Investment Officer at Skandia Investment Group until its merger with Old Mutual Asset Managers, where he became Director of Investments and a member of the executive management team of Old Mutual Global Investors.
Aki commented: “James’ track record of success in managing large, diverse investment portfolios across multiple asset classes makes him an excellent addition to our business. His results-oriented approach is in line with the strengths and discipline of our investment team. I look forward to working with him to deliver our investment strategy.”
For further information please contact:
Carmel McCarthy +44 (0)20 7081 4636
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 2018 saw the business deliver a profit before tax of $137.4 million in a challenging year for insurers.
The Hiscox Group employs over 3,300 people in 14 countries, and has customers worldwide. Through the retail businesses in the UK, Europe, Asia 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 & ILS.
Our values define our business, with a focus on people, ownership, courage and integrity. We pride ourselves on being true to our word and our award-winning claims service is testament to that.
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