Hiscox appoints Fabrice Brossart as Group Chief Risk Officer

London, UK, (8 June, 2023) - Hiscox, the specialist global insurer, has appointed Fabrice Brossart as the Group's Chief Risk Officer, subject to the relevant regulatory consents. Fabrice will replace Hanna Kam who has decided to step down after 10 years with the Group.

Fabrice has spent the last 12 years at AIG holding positions in both the UK and USA, latterly as CRO International General Insurance where he has overseen AIG's risk management function in 80+ territories outside the USA. Prior to AIG, Fabrice spent 10 years at AXA Insurance UK, rising to Chief Actuary.

Based in London, Fabrice will report to Hiscox's Group CEO Aki Hussain, and join the Group Executive Committee. He will continue the evolution of Hiscox's risk function; partnering with the business to enable growth and exceptional customer service, while ensuring the Group's adherence to its Risk Management Framework.

Aki Hussain, Group Chief Executive Officer, said: "Fabrice is an extremely experienced CRO, having led critical projects through Solvency II, Brexit and the development of a group capital model. His experience and technical capability combined with a passion for diversity, equity and inclusion makes Fabrice a great asset in helping deliver our ambition.

"I'd like to take this opportunity to thank Hanna Kam for her leadership in building our Risk and Compliance function over the years during what has been a particularly busy period of regulatory change. She has been a valuable member of both the GEC and the Hiscox Partnership, and we will miss her challenge and steadfast dedication when she leaves in July."

Fabrice Brossart said: "I am very excited to be joining Hiscox; a brand I have admired for some time. I look forward to being part of the team, driving talent, growth and delivering for our customers."

ENDS

Notes to editors:

For further information:

Carmel McCarthy 07769 280903

Hiscox Ltd

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.