REG - Hiscox Ltd - Hiscox appoints Jonathan Bloomer Chair designate

HiscoxAnnouncement

30/05/2023 07:15

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RNS Number : 8926A  Hiscox Ltd  30 May 2023

 

 

 

 

 

Hiscox appoints Jonathan Bloomer as Chair designate

Hamilton, Bermuda (30 May 2023) - Hiscox Ltd (LSE:HSX), the international
specialist insurer, today announces the appointment of Jonathan Bloomer as
Chair designate, subject to regulatory approval. Jonathan will join the Board
as Chair designate on 1 June 2023, succeeding Robert Childs who will retire on
1 July 2023.

Jonathan has a wealth of experience leading financial services organisations.
He was a Partner at Arthur Andersen before joining Prudential plc in 1995,
initially as CFO and then taking the role of CEO from 2000 to 2005. His final
executive role was as an Operating Partner at Cerberus. A seasoned board
director, Jonathan is currently serving as Chair of Morgan Stanley
International, DWF Group plc and SDL Group Holdings Limited.

Colin Keogh, Hiscox Senior Independent Director, said: "After an extensive
search I am delighted to have led the process that resulted in the Nominations
and Governance Committee selecting Jonathan as the Board's next Chair. We will
benefit from his experience and leadership and we are all very much looking
forward to working with him.

 

"I would also like to take this opportunity to thank Rob once again for the
immense contributions he has made during his long and distinguished career,
not only to Hiscox but to the wider industry. He has navigated many insurance
cycles, mentored many underwriters and leaves a legacy of integrity and strong
results. We wish him all the best for the future."

Rob Childs said: "The Board has made an outstanding choice in Jonathan Bloomer
to be the next Chair of Hiscox. He joins the Group at an exciting time, with a
range of opportunities ahead for continued profitable growth."

 

Aki Hussain, Hiscox Group CEO, said: "I am very much looking forward to
working with Jonathan. His deep experience in driving international growth and
managing complexity across a range of financial services companies and other
businesses will be extremely valuable to us."

Jonathan Bloomer, Hiscox Chair designate, said: "I am delighted to be joining
Hiscox, it is a great company, with a distinctive culture and an exciting
future. I look forward to being part of the team."

There are no other details that are required to be disclosed in respect of the
appointment of Jonathan Bloomer under Listing Rule 9.6.13.

-ENDS-

Notes to editors:

Jonathan Bloomer became a partner at Arthur Andersen before going on to become
CFO and then CEO of FTSE 100 Prudential plc. Following this, he was an
operating partner at Cerberus Capital Management, the US private equity and
alternative investor, which he held between 2006 and 2012. Since 2012 Jonathan
has pursued a successful portfolio career, with a range of largely financial
services companies. He is currently Chair of Morgan Stanley International, DWF
Group PLC (an international legal and business services company) and SDL Group
Limited (a property services company). Previous board roles include chair of
Arrow Global Group PLC (European investor and asset manager in non-performing
and non-core assets) and senior independent director at Hargreaves Lansdown
plc.

For further information:

Hiscox Ltd

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

Media

Carmel McCarthy, Group Communications, London           +44 (0)7769
280903

Tom Burns/Simone Selzer, Brunswick Group
+44(0) 207 404 5959

 

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
(https://www.hiscoxgroup.com/) .

 

 

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