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Hiscox chairman Robert Childs is to step down from the board and retire this year, the international specialist insurer has announced.
Childs has been with the company for 37 years. He joined Hiscox in 1986 and served as the active underwriter of the Hiscox Lloyd’s Syndicate 33 between 1993 and 2005. He was the group’s chief underwriting officer until February 2013, when he took over as chairman.
Childs was also chairman of the Lloyd’s Market Association from January 2003 to May 2005 and is a former chairman of the Advisory Board of the School of Management of Royal Holloway University of London and chairman of The Bermuda Society.
The Nominations Committee has initiated a process, led by the senior independent director Colin Keogh, to identify and appoint his successor.
“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,” said Keogh.
Childs said it had been a privilege to lead the board and work for the company.
“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,” he added.
He leaves the company in good shape. Preliminary results this week showed gross written premiums for 2022, up from $4.27 billion to $4.42bn, and underwriting profits up from $215.6 million to $269.5m, the highest since 2015. The combined ratio improved from 93.2% to 90.6% over the same period.
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