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Hiscox appoints independent non-executive director

Prior to her new role, DeMaio served as global chief operating officer for AIG's General Insurance division, and as chair of the board for both United Guaranty Corporation and MetLife Bank.

Hiscox has announced the appointment of Donna DeMaio as independent non-executive director, subject to regulatory approval.

The Hiscox Audit Committee is currently chaired by Caroline Foulger, who will retire at the Annual General Meeting in 2022 following the conclusion of a nine year term with the company.  

DeMaio will take over as chair of the Audit Committee following Foulger’s retirement.

With over 35 years’ experience across a range of financial services organisations, DeMaio has expertise in growing businesses in “challenging markets and complex regulatory environments”. 

Additionally, she has held a number of senior roles in the insurance industry and in banking. Most recently, she served as global chief operating officer for AIG’s General Insurance division, and as chair of the board for both United Guaranty Corporation and MetLife Bank.

Robert Childs, Hiscox group chairman, said: “Donna’s wealth of industry experience will be an excellent addition to the Hiscox Ltd Board, and her audit and regulatory expertise makes her the right person to oversee the important work of our Audit Committee in due course.

“We will continue to benefit from Caroline’s expertise for another 6 months but I would like to take this opportunity to thank her for the significant contribution she has made during her tenure at Hiscox. We have benefited greatly from her experience and counsel over the years and I wish her every success for the future.”

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