Hiscox taps AIG for new CRO

Hiscox, the Bermuda-based specialist global insurer, has appointed Fabrice Brossart (pictured) as the Group’s Chief Risk Officer. Brossart will replace Hanna Kam who is stepping down after 10 years with the Group.

Brossart has spent the last 12 years at AIG holding positions in both the UK and USA, latterly as CRO international general insurance where he has overseen AIG’s risk management function outside the US. Prior to AIG, Fabrice spent 10 years at AXA Insurance UK, rising to chief actuary.
Based in London, Brossart will report to Hiscox’s Group CEO Aki Hussain, and join the group executive committee.

Hussain said: “Fabrice is an extremely experienced CRO, having led critical projects through Solvency II, Brexit and the development of a group capital model. His experience and technical capability combined with a passion for diversity, equity and inclusion makes Fabrice a great asset in helping deliver our ambition.

“I’d like to take this opportunity to thank Hanna Kam for her leadership in building our risk and compliance function over the years during what has been a particularly busy period of regulatory change. She has been a valuable member of both the GEC and the Hiscox Partnership, and we will miss her challenge and steadfast dedication when she leaves in July.”

Brossart said: “I am very excited to be joining Hiscox; a brand I have admired for some time. I look forward to being part of the team, driving talent, growth and delivering for our customers.”