Hiscox announces Aki Hussain as next CEO

Posted 26/07/2021 – Quick takes

Hiscox has confirmed media reports that Bronek Masojada is to retire as group CEO after 21 years.

He is to be replaced at the end of the year by Aki Hussain, the current group CFO. Hiscox are currently seeking a replacement for Hussain in the CFO role.

Alpha comment

Alpha would like to wish Bronek well and thank his for his service to Hiscox over more than two decades. Hussain is being seen by many as a continuity candidate, but he is judged to have strategic vision as well as insurance-centric finance skills. Of particular importance, will be the underwriting performances of the Hiscox Re & ILS divisions, the recent high levels of staff turnover in the London underwriting teams and the brand damage in the retail & SME business as a result of COVID business interruption schemes.

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