General Insurance Article - Hiscox announce that their CFO is leaving the group


The Board of Hiscox Ltd has today announced that Stuart Bridges, Chief Financial Officer at Hiscox, will be leaving the Group after 16 years of service to join ICAP Plc as Group Finance Director.

 Stuart will remain in office until 31st August 2015, after the publication of Hiscox's half year results in late July. The Board has begun the search for his successor both internally and externally and a further announcement will be made in due course.
  
 Robert Childs, Chairman, Hiscox, said:
 "Stuart has made a major contribution to the strategic and financial evolution of Hiscox. His steadiness under fire, particularly demonstrated in the aftermath of the terrible events of 9/11, testing hurricanes in 2005 and the financial crisis, has been of immense value to the Group. He leaves with our sincerest thanks and we wish him every success in his new role."
  
 Stuart joined Hiscox in 1999 when the Group had gross written premiums of £241 million and shareholder funds of £185 million. In 2014, the Group reported gross written premium of £1,756 million and shareholder funds of £1,454 million. During this time, its market capitalisation has risen from £240 million to £2,500 million and delivered a total shareholder return of 16.1% per annum.
  
 Stuart added: "While I am excited about my new role, I am sad to be leaving Hiscox and I will continue to follow the company's success closely, both as a former Board member and a shareholder. I wish the Board and the company well, and will be fully devoted to the Group until my departure in the summer." 

Back to Index


Similar News to this Story

Sleighing the risks by giving Santa the insurance he needs
While you might be the most magical employer in the world, we know that even you aren’t immune to the risks of running a global delivery service! From
Diversity improving in insurance and long term savings
Key figures from the Association of British Insurers’ latest Diversity, Equity and Inclusion (DEI) data collection highlight the work of insurers and
Almost a third of homeowners have been victims of burglaries
Research commissioned by Co-op Insurance reveals that almost one in three (29%) homeowners have been the victims of theft from their home. The member-

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.