Hiscox Regulatory News (HSX)

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.