Bermuda-based specialist insurance coverage firm Hiscox has appointed Mary Boyd as the brand new CEO of its US enterprise unit, efficient 24 June.
Boyd will take over from Kevin Kerridge, who’s leaving after practically three many years with the corporate.
Kerridge will stay in an advisory capability for the approaching months earlier than pursuing new alternatives exterior of Hiscox on the finish of September.
Boyd brings greater than 30 years of trade expertise to her new function at Hiscox.
Most just lately she labored at Plymouth Rock Assurance, the place she was CEO of the unbiased company enterprise since 2018.
Her profession spans actuarial roles and management positions at insurance coverage firms together with the Hartford Insurance coverage Firm, ACE, Explorer Insurance coverage and Chubb.
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Hiscox group CEO Aki Hussain mentioned: “Mary’s data and experience within the insurance coverage trade are distinctive, and I’m delighted to be welcoming her to the Hiscox enterprise.
“Her wealth of expertise constructing and main insurance coverage companies within the USA, and her deep understanding of the US buyer market, might be instrumental in scaling our US enterprise as we seize the chance forward.”
Boyd added: “I’m thrilled to affix Hiscox and lead this proficient group to its subsequent sequence of successes. Aki has communicated a transparent strategic imaginative and prescient to serve the insurance coverage wants of small enterprise homeowners throughout the US, bolstered by a constant dedication to our companions and continued funding in expertise capabilities.”
In April this yr, Hiscox unit Hiscox Re & ILS collaborated with Ariel Re for a cyber disaster consortium known as CyberShock.
CyberShock is designed to supply tailor-made and event-based safety for cyber insurance coverage suppliers globally.
It addresses the necessity for protection within the occasion of great cyber incidents together with these affecting {hardware}, software program and provide chains.
