Hiscox welcomes new SVP of underwriting administration

Specialist international insurer Hiscox has introduced that Paul Spelman (pictured) has been appointed as its SVP of underwriting administration.

Chief underwriting officer of Hiscox USA, Steve Prymas, spoke on Spelman’s appointment.

“We’re thrilled to welcome him into our workforce at Hiscox USA, as we proceed to construct best-in-class merchandise that assist the distinctive companies that we serve,” mentioned Prymas.

“Paul has a confirmed observe file of driving worthwhile development, enhancing buyer satisfaction, constructing high-performing groups and rolling up his sleeves for on-the-ground work,” he added.

Who’s Paul Spelman?

Spelman started his profession in Prudential Capital Group as a senior analyst in 2001. He then turned an affiliate at Boston Capital earlier than changing into a director at STAG Capital Companions. Afterwards, he spent greater than 4 years in Bain & Firm as case workforce chief.

Previous to becoming a member of Hiscox, Spelman spent 11 years at Liberty Mutual Insurance coverage in varied roles similar to director of state operations, senior director of state operations, vice chairman – small industrial state administration, vice chairman – small industrial underwriting, and government underwriting officer – international danger options.

He obtained his bachelor’s diploma in finance at Boston School and his MBA in strategic administration from the Wharton Faculty of the College of Pennsylvania.

In his new position, Spelman will lead the underwriting technique for Hiscox USA’s enterprise homeowners coverage (BOP), common legal responsibility (GL), cyber/tech, leisure, and crime merchandise. He’ll report back to Prymas and can be based mostly out of Massachusetts.

Hiscox USA is a supplier of specialty danger options that features errors & omissions, common legal responsibility, cyber and information safety, media legal responsibility, administration legal responsibility, crime, leisure, and terrorism insurance coverage.

It just lately accomplished the primary a part of its share buyback initiative#, which was carried out in partnership with funding financial institution Peel Hunt.

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