Hiscox has revealed 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, Masojada will be succeeded by current CFO, Aki Hussain from January 2022.
Masojada will remain in his role until the end of the year allowing for a smooth transition while a search for a new group CFO is conducted.
Prior to joining the firm, he was CFO of Prudential plc UK and Europe. He has also held a number of other senior roles in the financial services, media and telecoms sectors, serving as finance director for the Consumer Bank division at Lloyds Banking Group, and finance director for the Consumer division of NTL (now Virgin Media).
Robert Childs, chairman, Hiscox Group, added: “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.
“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.”