Hamilton, Bermuda (22 November 2021) - Hiscox Ltd (LSE:HSX), the international specialist insurer, today announces the appointment of Donna DeMaio as Independent Non Executive Director, subject to regulatory approval.
The Hiscox Audit Committee is currently chaired by Caroline Foulger, who will retire as an Independent Non Executive Director at the Annual General Meeting in 2022 following the conclusion of her nine year term with the company. Donna will take over as chair of the Audit Committee following Caroline's retirement.
With over 35 years' experience across a broad range of financial services organisations, Donna has a proven track record of growing businesses in challenging markets and complex regulatory environments. She has held a number of senior roles in the insurance industry and in banking, having most recently served as Global Chief Operating Officer for AIG's General Insurance division, and prior to this, as Chair of the Board for both United Guaranty Corporation and MetLife Bank.
Robert Childs, Hiscox Group Chairman, commented: "Donna's wealth of industry experience will be an excellent addition to the Hiscox Ltd Board, and her audit and regulatory expertise makes her the right person to oversee the important work of our Audit Committee in due course.
"We will continue to benefit from Caroline's expertise for another 6 months but I would like to take this opportunity to thank her for the significant contribution she has made during her tenure at Hiscox. We have benefited greatly from her experience and counsel over the years and I wish her every success for the future."
There are no other details that are required to be disclosed in respect of the appointment of Donna DeMaio under Listing Rule 9.6.13.
For further information:
Investors and analysts
Marc Wetherhill, Group Company Secretary +1 441 278 8300
Yana O'Sullivan, Group Head of Investor Relations, London +44 (0)20 3321 5598
Kylie O'Connor, Group Communications Director, London +44 (0)20 7448 6656
Carmel McCarthy, Group Communications, London +44 (0)20 7081 4636
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.
The Hiscox Group employs over 3,000 people in 14 countries, and has customers worldwide. Through the retail businesses in the UK, Europe, Asia and the USA, 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, courage, ownership and integrity. 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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