Hiscox announces new US CEO
Hiscox has appointed Mary Boyd as chief executive of its US business unit. Boyd joins Hiscox on 24th June and replaces existing USA chief executive Kevin Kerridge, who is stepping down after almost 30 years in the business.
Boyd joins Hiscox from Plymouth Rock Assurance, a home and auto insurance provider in the northeast of the US, where she has been chief executive of its independent agency business since 2018. She began her career in actuarial roles before moving into leadership positions at The Hartford Insurance Company; ACE; Explorer Insurance; and Chubb.
Aki Hussain, Group chief executive, commented: “Mary’s knowledge and expertise in the insurance industry are exceptional, and I am delighted to be welcoming her to the Hiscox business. Her wealth of experience building and leading insurance businesses in the USA, and her deep understanding of the US customer market, will be instrumental in scaling our US business as we seize the opportunity ahead.”
Boyd added: “I am thrilled to join Hiscox and lead this talented team to its next series of successes. Aki has communicated a clear strategic vision to serve the insurance needs of small business owners across the US, reinforced by a consistent commitment to our partners and continued investment in technology capabilities. I am energized by the opportunity to work alongside our team to drive innovation and profitable growth in this market.”
Kerridge will operate in an advisory capacity over the coming months before leaving to explore opportunities outside Hiscox at the end of September.
Hussain adds: “Kevin was key to the start of our digital journey 25 years ago, and has been at the centre of building the Hiscox digital offering into the powerhouse it is today. We are immensely grateful for the deep expertise and drive that Kevin has brought to our business over his time here, and we wish him all the best with his next steps.”
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