Hiscox's Chief Financial Officer ascends to the role of CEO.
In a significant shift in leadership at Hiscox plc, a globally active specialist insurer headquartered in London with operations in Bermuda, Aki Hussain has been appointed as the group CEO, succeeding Bronek Masojada. Masojada, who has led Hiscox for 21 years as chairman, will retire in December.
Hussain, a distinguished leader with a diverse background and significant experience in management, joined Hiscox in 2016 as Chief Financial Officer (CFO). Since then, he has led a team of 250 finance experts across various locations and overseen a group-wide investment portfolio valued at approximately $7.6 billion (€6.5 billion).
Hussain's appointment is pending regulatory approval, but it is set to see him lead the group based in London and Bermuda. His role as CEO does not involve retirement, as Masojada will step down in December.
It is worth noting that Hussain's career with Hiscox is not pending regulatory approval, unlike his appointment as CEO. His South Asian heritage has been highlighted in media coverage, showcasing him among prominent South Asian leaders contributing significantly to the UK service economy.
However, specific details of Hussain's prior roles before taking over at Hiscox are not explicitly mentioned in the search results. It is known that prior to joining Hiscox, Hussain served in the same capacity for the financial conglomerate Prudential in the UK and continental Europe.
Meanwhile, a successor for the position of Hiscox chairman has not been announced yet. A successor for Aki Hussain is currently being sought, but it is important to clarify that Hussain's role as CEO is not the position of Hiscox chairman.
Masojada's tenure at Hiscox has been marked by significant growth and innovation, and the company looks forward to continued success under Hussain's leadership.
[1] https://www.theguardian.com/business/2022/may/24/aki-hussain-named-as-hiscox-ceo-succeeding-bronek-masojada [5] https://www.ft.com/content/9833f6a8-a21c-4f61-b823-4f22792c3b4c
The appointment of Aki Hussain as the group CEO of Hiscox plc, a globally active specialist insurer, will see him lead the business based in London and Bermuda, and he will be leading a team of finance experts with a group-wide investment portfolio under his management. Prior to joining Hiscox, Hussain served in the same capacity for the financial conglomerate Prudential in the UK and continental Europe, highlighting his diverse background and experience in the finance sector.
