Business
Aki Hussain to succeed Bronek Masojada as CEO
Aki Hussain to succeed Bronek Masojada as CEO.
About this update from Hiscox Ltd
[{"type":"text","content":"\n \n \n \n RNS Number : 0686G\n Hiscox Ltd\n 22 July 2021\n \n \n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \n \n \n \n \n Aki Hussain to succeed Bronek Masojada as Group Chief Executive on 1st January 2022\n \n \n \n \n \n \n \n \n Hamilton, Bermuda (21 July 2021):\n \n Specialist global insurer Hiscox announces today that after 21 years as Group Chief Executive, Bronek Masojada has informed the Board of his intention to retire at the end of the year. Following a thorough succession process, the Board is delighted to announce that it has appointed Aki Hussain, currently Group Chief Financial Officer, as Group Chief Executive from January 2022, subject to regulatory approval. \n \n \n \n Robert Childs, Hiscox Group Chairman, commented:\n \n \"I would like to thank Bronek for his outstanding contribution to the Hiscox Group. His energy and passion to move the business forward has resulted in three decades of strong growth and transformed Hiscox into a leading diversified specialist insurer with a great future ahead of it.\n \n \n \"We are delighted that Aki will be our new CEO and the Board were unanimous in endorsing this appointment. Aki's ambition, drive and knowledge of the Hiscox Group, combined with his many years' experience delivering for a variety of financial services organisations, makes him well placed to capture the many opportunities ahead.\" \n \n \n \n Bronek Masojada, Hiscox Group Chief Executive Officer, commented\n \n : \"It has been an incredible privilege to lead Hiscox and be part of its journey over the last 28 years. The business is on a very strong footing with market conditions the best we have experienced for many years and the time is right to hand over to new leadership. I have worked closely with Aki for the last five years, and \n his impressive banking, telecoms and media experience make him a great choice to lead the business. \n \n \n \"I look forward to delivering our half year results on the 3rd of August and building on the strong performance we set out in the Q1 trading update.\" \n \n \n \n Aki Hussain, Hiscox Group Chief Financial Officer, commented: \n \n \"I am honoured to be taking over the leadership of this dynamic company. I am excited about the long term potential of our business, we have exceptional talent, a market le...