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Hiscox designates interim CFO

Hiscox designates interim CFO | Insurance Business UK

Hiscox designates interim CFO

Hiscox has announced that Liz Breeze (pictured above) will take on the role of interim group chief financial officer (CFO) while the search for a permanent CFO is conducted.

Breeze, who is currently chief financial officer of Hiscox Re & ILS, joined Hiscox in 2012 and has held several senior finance roles across the group, including group technical accountant and head of finance for Hiscox UK. According to Hiscox, Breeze oversaw significant improvements in both financial systems and capital efficiency during her tenure as Hiscox Re & ILS leadership team.

As interim group CFO, Breeze will be based in London and join the group executive committee. She will work closely with group chief financial officer Aki Hussain, who will become CEO in January after Bronek Masojada retires.

"Liz has a deep understanding of our business, having spent time in both our big-ticket and retail operations,” Hussain said. “She has also been an important participant in our work to embed structural finance change as part of our multi-year finance transformation programme. Liz will be an excellent addition to our executive team and I look forward to continuing to work closely with her."

Breeze is a chartered accountant, having trained with and eventually worked at KPMG’s insurance practice in London and Bermuda.

"I am delighted to take on this new challenge and look forward to bringing my financial expertise and knowledge of the business to this role as we look to realise the abundance of opportunities ahead of us,” she said.