Masojada leaving Hiscox in good shape
Donna Demaio, Hiscox
Hiscox has appointed Donna DeMaio as an independent non executive director.
Subject to regulatory approval, she will replace Caroline Foulger. Foulger currently chairs the Hiscox Audit Committee but is due to stand down as an independent non executive director at next year’s annual general meeting after nine years.
DeMaio has over 35 years’ experience across financial services. Until retirement in 2019, she was global chief operating officer for AIG’s General Insurance division. Before that, she was executive vice president for Arch Insurance. She has also served as chair of the board for both United Guaranty Corporation and MetLife Bank.
She has a proven track record of growing businesses in challenging markets and complex regulatory environments, said Hiscox.
“Donna’s wealth of industry experience will be an excellent addition to the Hiscox Ltd Board, and her audit and regulatory expertise makes her the right person to oversee the important work of our Audit Committee in due course,” said Robert Childs, Hiscox Group chairman.
“We will continue to benefit from Caroline’s expertise for another six months, but I would like to take this opportunity to thank her for the significant contribution she has made during her tenure at Hiscox. We have benefited greatly from her experience and counsel over the years, and I wish her every success for the future.”
Hiscox Re, appointment, Donna DeMaio, Caroline Foulger, North America