Hiscox USA appoints subsequent CEO

Worldwide specialty insurer Hiscox has appointed Mary Boyd as chief govt officer of Hiscox USA. Boyd will take up the position on June 24, succeeding Kevin Kerridge, who will retire on the finish of September. Kerridge will then serve in an advisory position earlier than stepping right down to discover different alternatives.

Boyd comes from residence and auto insurance coverage supplier Plymouth Rock Assurance, the place he led the impartial agent enterprise as CEO since 2018. He brings to Hiscox greater than 30 years of expertise main vital transformation in a wide range of companies. Boyd started his profession as an actuary and has held management positions at The Hartford, ACE, Explorer Insurance coverage and Chubb.

Commenting on his upcoming position, Boyd stated: “I’m excited to affix Hiscox and lead this proficient staff to its subsequent stage of success. Aki has a transparent strategic imaginative and prescient for serving the insurance coverage wants of small enterprise homeowners throughout the U.S., which is bolstered by a constant dedication to our companions and ongoing funding in our expertise capabilities.”

“I’m motivated by the chance to work with the staff to drive innovation and worthwhile development on this market.”

Referring to Aki Hussain, group chief govt of Hiscox, she stated: “Mary’s insurance coverage trade data and experience is outstanding and we’re delighted to welcome her to the Hiscox enterprise. Her in depth expertise of organising and main insurance coverage companies within the US and her deep understanding of the US buyer market will assist us capitalise on future alternatives and develop our US enterprise.”

In the meantime, Boyd’s predecessor is saying goodbye to Hiscox after practically 30 years on the firm.

“Kevin performed a key position at first of our digital journey 25 years in the past and has been central to constructing Hiscox Digital Providers into the robust enterprise it’s at the moment,” Hussain stated. “We’re extraordinarily grateful for the deep experience and drive that Kevin brings to the corporate and need him each success in his subsequent steps.”

What do you consider this story? Share your ideas within the feedback part under.