30 May 2023News

Ex-Prudential CEO to chair Hiscox

Hiscox Ltd has appointed a former chief executive officer of Prudential as its new chairman, succeeding Hiscox veteran Robert Childs, who is to retire.

Bermuda-based re/insurer Hiscox said Jonathan Bloomer (pictured), who was CEO of Prudential from 2000 to 2005 and operating partner at private equity firm Cerberus from 2006 until 2012, will take up the post on July 1.

Bloomer is currently chairman of Morgan Stanley international, DWF Group, a legal and business services provider, and property services company SDL Group Holdings.

Colin Keogh, Hiscox senior independent director, said: "After an extensive search I am delighted to have led the process that resulted in the nominations and governance committee selecting Jonathan as the Board's next chair. We will benefit from his experience and leadership and we are all very much looking forward to working with him.

"I would also like to take this opportunity to thank Rob once again for the immense contributions he has made during his long and distinguished career, not only to Hiscox but to the wider industry. He has navigated many insurance cycles, mentored many underwriters and leaves a legacy of integrity and strong results. We wish him all the best for the future."

Bloomer said: "I am delighted to be joining Hiscox, it is a great company, with a distinctive culture and an exciting future. I look forward to being part of the team."

Childs said: "The Board has made an outstanding choice in Jonathan Bloomer to be the next chair of Hiscox. He joins the Group at an exciting time, with a range of opportunities ahead for continued profitable growth."

Aki Hussain, Hiscox Group CEO, said: "I am very much looking forward to working with Jonathan. His deep experience in driving international growth and managing complexity across a range of financial services companies and other businesses will be extremely valuable to us."

Bloomer was a partner at Arthur Andersen before joining Prudential in 1995, initially as CFO and then taking the role of CEO.

Hiscox moved its country of domicile from the UK to Bermuda in 2006 with Childs as the first head of country. Hiscox Re & ILS is one of Bermuda's leading reinsurers.

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