Global insurer and reinsurer Hiscox has appointed Joanne Musselle as its new Group Chief Underwriting Officer (CUO), following the retirement of Richard Watson.
She will assume the role at the end of the year and will join the Hiscox Ltd Board as an Executive Director in February 2020, subject to regulatory approval.
Currently, Musselle serves as CUO for Hiscox Retail and has been with the firm for 17 years, having joined in 2002 as Technical Underwriting Manager for professions and specialty commercial lines. She has held numerous senior roles at the firm including Head of UK Claims and CUO for Hiscox UK and Ireland. Prior to Hiscox, she worked in a variety of actuarial, pricing and reserving roles at AXA and Aviva.
“After a thorough search where we considered a number of strong internal and external candidates, I am pleased to appoint Joanne as our next Group Chief Underwriting Officer. Joanne’s deep understanding of our business and experience of managing underwriting portfolios in our key markets will be critical for our next stage of growth.
“She has overseen strong, profitable growth in our retail casualty and property portfolios and has confidently led the business through a number of changes in course when market conditions have been tough. Joanne’s commerciality, long-term view and ability to challenge will make her a valuable member of our Executive team,” said Bronek Masojada, Hiscox Group Chief Executive Officer (CEO).
Over the last two years, Musselle has overseen profitable growth in GWP of nearly 25% across the retail portfolio, and has assisted the retail operations with navigating regulatory change.
She has been an industry forum member of the ABI since 2013 and serving as a workstream Chair of the Chartered Insurance Institute’s Insuring Women’s Futures initiative since 2017.
Commenting on her new role, Musselle said: “Profitable underwriting is the backbone of Hiscox and I could not be more delighted to serve the Group in this broader role. Being part of the evolution of Hiscox over the last 17 years has given me many experiences and opportunities across the whole of our business and I am excited to be taking up this next challenge.”