5th Sep 2019 08:28
(Alliance News) - Insurer Hiscox Ltd on Thursday said it has promoted 17-year veteran Joanne Musselle to be its new group chief underwriting officer.
Musselle also will join the board as executive director in February 2020. She currently is chief underwriting office of the company's largest division, Hiscox Retail. She will take over the same role for the group as a whole at the end of 2019 following Richard Watson's retirement, which was announced in June.
"After a thorough search where we considered a number of strong internal and external candidates, I am pleased to appoint Joanne as our next group chief underwriting officer. Joanne's deep understanding of our business and experience of managing underwriting portfolios in our key markets will be critical for our next stage of growth," said Chief Executive Officer Bronek Masojada.
"She has overseen strong, profitable growth in our retail casualty and property portfolios and has confidently led the business through a number of changes in course when market conditions have been tough. Joanne's commerciality, long-term view and ability to challenge will make her a valuable member of our executive team," Masojada added.
London listed shares in Hiscox were up 0.5% at 1,562.00 pence each on Thursday morning.
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