Hiscox Ltd has announced two senior appointments, subject to regulatory and immigration approvals.
Ben Walter, the chief executive officer of Hiscox USA, will relocate to London to take up the newly created role of chief executive officer of Hiscox's global retail operations, effective July 1, 2018.
Mr. Walter will lead the group's retail operations in the United States, the United Kingdom, Ireland, and Europe as well as its special risks business.
Steve Langan, the chief executive officer of Hiscox's United Kingdom and Europe operations, will relocate to New York to take up the role of chief executive officer of Hiscox USA, also effective July 1, 2018.
Bronek Masojada, Hiscox group chief executive officer, commented, "Hiscox's growth in retail markets, particularly over the last 10 years, has changed the shape of our business. We are no longer a Lloyd's player with retail operations on the side, and as our business evolves we need to be able to respond to the huge opportunity ahead.
"Our retail businesses span 12 countries and are at different stages of their journey, but they share similar challenges and opportunities such as brand building, leveraging scale, and digitization. These appointments will help us continue on our path of building a group which can thrive at all stages of the insurance cycle."
Both Mr. Walter and Mr. Langan will remain on the executive committee and Hiscox said that it will begin the process of recruiting a new chief executive for the United Kingdom and Ireland in the autumn.
Learn more: www.hiscoxgroup.com.