Hiscox has appointed Paul Cooper as the group’s chief financial officer, subject to regulatory approval.
The Bermuda-headquartered specialty insurer has said Cooper’s start date will be determined in due course. In October, Hiscox announced that Liz Breeze will take over as interim CFO on January 1, when current CFO Aki Hussain becomes CEO to succeed Bronek Masojada, who is retiring.
Cooper is currently Interim CFO of M&G Plc, as well as CFO of Prudential Assurance Company.
Prior to M&G, Cooper held a number of senior positions in financial services, most notably at the insurer of Lloyd’s Canopius where he was Group CFO and later became CEO of the management agency in 2017. Cooper was CFO Hiscox UK and Europe from 2006 to 2011 during a key period. phase of its growth. He was an insurance partner at Ernst & Young from 2011 to 2013 and trained as a chartered accountant at PricewaterhouseCoopers.
Cooper is also a member of the Board of Directors of the Association of British Insurers and a non-executive director of Aspen Insurance UK and the Aspen Managing Agency.
“Paul’s depth and breadth of insurance knowledge makes him a great addition to the leadership team,” said Hussain. “His business acumen, as well as his experience in audit, regulation and capital markets will help us seize the many opportunities to come. I am very happy that Paul is joining Hiscox and look forward to welcoming him again.
“I am delighted to be returning to Hiscox,” Cooper said. “The group has a fantastic heritage and an exciting future. Market conditions are excellent and there are significant opportunities for profitable growth in all of the group’s major markets. I look forward to building on this in the months and years to come.