Hiscox has appointed Paul Cooper as group chief financial officer, subject to regulatory approval.
The Bermuda-headquartered specialist insurer said that Cooper’s start date will be determined in due course. In October, Hiscox announced that Liz Breeze will take over as interim CFO on Jan. 1, when current CFO Aki Hussain will become CEO to succeed the retiring Bronek Masojada.
Cooper is currently interim group CFO at M&G Plc, as well as CFO of Prudential Assurance Company.
Prior to M&G, Cooper held several senior roles in financial services, including at Lloyd’s insurer Canopius where he was group CFO and later became CEO of the managing agency in 2017. Cooper was finance director for Hiscox UK and Europe from 2006 to 2011 during a key phase in 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 board member of the Association of British Insurers and a non-executive director of Aspen Insurance UK and Aspen Managing Agency.
“The depth and breadth of Paul’s insurance knowledge makes him a great addition to the executive team,” Hussain said. “His broad commercial acumen, as well as his audit, regulatory and capital markets experience will help us capture the many opportunities ahead. I am very pleased Paul is joining Hiscox and look forward to welcoming him back.”
“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 is significant opportunity for profitable growth in all of the group’s major markets. I look forward to building on this in the months and years ahead.”