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Senior executive to depart Hyperion after major investment

Senior executive to depart Hyperion after major investment | Insurance Business

Senior executive to depart Hyperion after major investment

 

Hyperion Insurance Group’s chief financial officer is stepping away from the company after an investment by institutional investor Caisse de dépôt et placement du Québec (CDPQ) and debt refinancing were completed earlier this year.

Oliver Corbett informed the board that he will be leaving Hyperion to “pursue the next stage of his career,” according to a press release.

Corbett will continue to act as chief financial officer, a member of Hyperion’s group executive committee, and Hyperion’s board of directors until December 31. In the meantime, the board has started searching for the company’s next CFO.

“Oliver has made a substantial contribution to the group since 2015 in terms of ensuring that the Group’s finance function has the necessary and relevant expertise,” said David Howden, Hyperion’s CEO. “This has been highlighted by a series of debt refinancings and the group’s ability to attract an investor of CDPQ’s quality. On behalf of the board, we wish him all the best for the future.”

Hyperion is made up of broking divisions Howden and RKH, and underwriting division DUAL. It has operations in Europe, Asia, the Middle East, Latin America, the US, Australia, and New Zealand, with over 3,800 employees in 37 countries.

 

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