22nd December 2021
Hiscox Ltd has announced the appointment of Paul Cooper as Group cfo, subject to regulatory approval.
Cooper has over 25 years financial services experience including across both the retail and Lloyd’s insurance markets. He is currently Interim Group cfo at M&G Plc, the FTSE 100 asset manager and life insurer, where he is responsible for the planning, implementation, and management of all finance activities. He is also cfo for The Prudential Assurance Company.
Prior to M&G, Cooper held a number of senior roles in financial services including at Lloyd’s insurer Canopius where he was Group cfo, becoming ceo of the Managing Agency in 2017. He served as Finance director for Hiscox UK and Europe from 2006-2011 during a key phase in its growth. He was an insurance partner at Ernst & Young LLP from 2011-2013 and trained as a chartered accountant at PricewaterhouseCoopers.
Aki Hussain, Hiscox Group ceo designate, comments “The depth and breadth of Paul’s insurance knowledge makes him a great addition to the executive team. His broad commercial acumen as well as his audit, regulatory and capital markets experience will help us capture the many opportunities ahead. I am very pleased Paul is joining Hiscox and look forward to welcoming him back.”
Cooper added “I am delighted to be returning to Hiscox. The Group has a fantastic heritage and an exciting future. Market conditions are excellent and there is significant opportunity for profitable growth in all of the Group’s major markets. I look forward to building on this in the months and years ahead.”
Cooper’s start date will be confirmed in due course, and at that time he will join the Hiscox Ltd Board. He is currently a board member of the ABI and a non executive director of Aspen Insurance UK Ltd and Aspen Managing Agency Limited.
As announced on 18th November Liz Breeze will act as Hiscox Group cfo from 1 January 2022 on an interim basis.
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