Hiscox declares group chief monetary officer

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Hiscox has named Paul Cooper group chief financial officer pending regulatory approval.

The Bermuda-based specialty insurer said the launch date will be set by Cooper in due course. In October, Hiscox announced that Liz Breeze would take over as interim CFO effective January 1, when current CFO Aki Hussain becomes CEO, to succeed the retiring Bronek Masojada.

Cooper is currently the interim Group CFO at M&G Plc and CFO of Prudential Assurance Company.

Before joining M&G, Cooper held several senior positions in the financial services sector, including at Lloyd’s insurer Canopius, where he was Group CFO and later CEO of the Managing Agency in 2017. Cooper served as Finance Director for Hiscox UK and Europe from 2006 to 2011 during an important period in its growth. From 2011 to 2013 he was an insurance partner at Ernst & Young and trained as an auditor at PricewaterhouseCoopers.

Cooper is also a board member of the Association of British Insurers and a non-executive director of Aspen Insurance UK and Aspen Managing Agency.

“The depth and breadth of Paul’s insurance knowledge makes him a great addition to the executive team,” said Hussain. “His broad commercial acumen as well as his experience in the areas of auditing, regulation and capital markets will help us to take advantage of the many opportunities that present themselves to us. I am very happy that Paul is coming to Hiscox and I look forward to seeing him again. “

“I’m excited to be returning to Hiscox,” said Cooper. “The group has a fantastic legacy and an exciting future. Market conditions are excellent and there are significant opportunities for profitable growth in all of the Group’s major markets. I look forward to building on that in the months and years to come. “

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