Hiscox embarks on group-wide finance overhaul

Specialist global insurer Hiscox has recruited a new executive in the UK who will be plotting the overhaul of the insurance group’s finance function.

 

Hiscox has appointed Louise Dennett to the newly created role of director of finance change for the group. Based in London, she will report to group CFO Aki Hussain.

 

According to the insurer, Dennett will deliver a group-wide finance change project designed to ensure that “the scalability, efficiency and quality of the finance function keeps pace with the growth of the organisation and the demands of a changing environment.”

 

“[Dennett’s] experience of driving change within a complex insurance company in the post-Solvency II environment will be particularly valuable as our finance function enters a critical period of growth and development,” Hussain said.

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With a background in delivery, stakeholder engagement, governance and organisational design, Dennett’s experience extends across a range of aspects of complex business transformation, including operations, sales, distribution and finance.

 

Dennett joins from Prudential plc, where she held several senior roles over the past 26 years. Most recently, she was the finance change and transformation director for Prudential UK & Europe, where she delivered a number of critical change programmes in the finance function, including the company’s timetable for Solvency II implementation.

 

She was also an operations director within Prudential’s retail distribution division, leading several large operational areas to support a team of more than 200 people.