Hiscox Ltd announcement

Robert Childs to retire from the Board as Chairman

Hamilton, Bermuda (8 March 2023) - Hiscox Ltd (LSE:HSX), the international specialist insurer, announces that Robert Childs has informed the Board of his intention to retire as Chairman and to step down from the Board during 2023.

The Nominations Committee has initiated a process, led by the Senior Independent Director, Colin Keogh, to identify and appoint Robert's successor as Chairman.

Colin Keogh, Senior Independent Director said:

"During his tenure, Rob has made an invaluable contribution to the success of the Group, and on behalf of the Board I would like to sincerely thank him for his wise counsel and leadership."

Aki Hussain, CEO said:

"Rob has been instrumental in building Hiscox into a respected global brand and has navigated the business expertly through many insurance cycles. His extensive knowledge of both Hiscox and the industry has benefitted the company immeasurably."

Robert Childs said:

"It has been a privilege to lead the Board and be part of Hiscox's journey over the past 37 years. Hiscox has a strong management team, and is well-positioned to grow and deliver for customers around the world. When the time comes, I will leave knowing that Hiscox is in great shape with huge opportunities ahead of it."

Ends

For further information

Investors and analysts

Yana O'Sullivan, Director of Investor Relations, London +44 (0)20 3321 5598

Marc Wetherhill, Group Company Secretary, Bermuda +1 441 278 8300

Media

Kylie O'Connor, Director of Communications, London +44 (0)20 7448 6656

Tom Burns, Brunswick +44 (0)20 7404 5959

Simone Selzer, Brunswick +44 (0)20 7404 5959

Notes to editors

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.