Hiscox, a specialist insurer with offices in London and Bermuda, has promoted Juan de Castro to the position of chief operating office for Hiscox UK and Ireland.
Although based in London, Castro will travel regularly between the insurer's regional offices.
He will report to Steven Langan, CEO of Hiscox Insurance.
Castro first as group head of strategy and corporate development.
He previously served as a management consultant for McKinsey, and before that spent ten years working in the high tech industry in Europe.
Langan commented: “Juan’s background in strategy and tech will add huge value to Hiscox UK and Ireland. We see exciting opportunities for profitable growth across our broker and direct channels and Juan will have a big part to play in both as we continue our focus on product innovation, building great teams and investing in our powerful brand.”
Castro added: “Our UK business is in the middle of the largest transformation Hiscox has ever done, as we focus on next-generation underwriting and evolving our digital capabilities with brokers and customers in mind. These changes will enable us to be even more customer obsessed, delivering the service we are known for at the same time as boosting operational efficiency. I’m delighted to join such a great team.”